International Paper (IP)

Company ID: 250 | CIK: 0000051434
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

Pension Plan Assets (aum)

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Distribution Branches (branches)

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Production capacity (capacity)

Claims outstanding (claims_count)

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Common Stockholders of Record (customers)

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Employees (headcount)

Subsidiary Credit Agreement Borrowings (loans_outstanding)

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Forestlands (net_acreage)

On-time shipping percentage (on_time_delivery)

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2002 plan terminations (other)

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2003 plan terminations (other)

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Accelerated depreciation (other)

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Active CERCLA proceedings (other)

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Asbestos liability (other)

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Average settlement cost per claim (other)

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Building a Better IP earnings benefit (other)

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Capacity reduction (other)

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Capacity removed (other)

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Capital expenditures (other)

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Carbon credit hedging notional (other)

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Cash dividends per share (other)

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Cash provided by operations (other)

Claims pending (other)

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Committed Liquidity (other)

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Community Investment (other)

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Continuity Awards Outstanding (other)

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Converting and packaging plants (other)

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Converting facilities (other)

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DS Smith net sales (other)

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DS Smith shareholder ownership (other)

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Free cash flow (other)

Full-year capital expenditure guidance (other)

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Global Cellulose Fibers net sales (other)

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Hardboard settlement cost (other)

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Harvesting rights in Russia (other)

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Insurance recoveries received (other)

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Land acreage (other)

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Learning Activities Completed (other)

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Market-related downtime (other)

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Masonite claims pending (other)

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Masonite legal reserves (other)

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Merger cost savings target (other)

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Merger synergies realized (other)

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Natural gas hedging notional (other)

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Net investment hedge notional (other)

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Number of Reportable Segments (other)

Omniwood settlement cost (other)

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Production Facilities (other)

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Production converted to corrugated (other)

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Pulp, paper and packaging mills (other)

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Stock Options Outstanding (other)

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Temple-Inland synergies (other)

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Unrecognized Compensation Cost (other)

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Weighted-Average Vesting Period (other)

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Wood products facilities (other)

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Wood sold to other users (other)

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Woodruf settlement cost (other)

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Y2K program cost estimate (other)

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Sales volumes by product (production_volume)

Forestlands (properties)

Safety Performance (safety_incidents)

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xpedx retail stores (stores)

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Total recordable incidence rate (trir)

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Carter Holt Harvey MDF and Particleboard Sales Volume (units_shipped)

Production converted to corrugated (utilization_rate)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30plant_closurein_progressRiceboro, Georgia, United StatesPS NA — containerboard millUSD -6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2026 net benefit of $6M from adjustments (Q2 2026 benefit of $13M); no employee count disclosed. Severance of $6M and inventory charges of $10M remain accrued at 2026-06-30; severance payable within twelve months.
2026-06-30restructuringin_progressEurope, Middle East and AfricaPS EMEA — resource and asset realignmentUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2026 charge of $22M (Q2 2026: $14M), including severance of $12M YTD (Q2: $8M) and other costs of $10M YTD. At 2026-06-30, $97M severance accrued in Accrued payroll and benefits and $54M other costs accrued; severance payable within twelve months. No employee count disclosed.
2026-06-30restructuringin_progressNorth AmericaPS NA — resource and asset realignmentUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2026 charge of $16M (Q2 2026: $8M) of severance and other charges. At 2026-06-30, $17M severance accrued in Accrued payroll and benefits, payable within twelve months. No employee count disclosed.
2026-06-30acquisition_additioncompleted2026-06-04Longview, Washington, United StatesPS NA — NORPAC mill acquisitionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired North Pacific Paper Company for $368M; no headcount added disclosed. Since acquisition, Net sales of $36M and Net earnings (loss) of $(5)M included in results.
2026-06-30acquisition_additioncompleted2026-05-18Dover, Delaware, United StatesPS NA — converting facility acquisitionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired a converting facility from Delmarva Corrugated Packaging for $95M, accounted for as an asset acquisition; no headcount added disclosed.
2026-06-30divestiture_reductioncompleted2026-01-23GlobalGlobal Cellulose Fibers business (discontinued operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of GCF business to American Industrial Partners for $1.1B cash plus preferred stock; closed within the year-to-date period (Q1 2026). No headcount removed disclosed.
2026-06-30otherin_progress2026-06-302026-08Pine Hill, Alabama, United StatesPS NA — mill operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Operations temporarily suspended at end of June 2026 following roof damage from a weather event; manufacturing expected to resume in August 2026. No workforce impact quantified.
2026-06-30restructuringin_progressUnited StatesPS NAUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Riceboro mill closure costs. Includes adjustments of $13 million for the three months ended June 30, 2026. Severance charges of $6 million recorded in Accrued payroll and benefits.
2026-06-30restructuringin_progressEMEAPS EMEAUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Resource and asset realignment. Includes severance charges of $8 million and other costs of $6 million for the three months ended June 30, 2026. Severance charges of $97 million recorded in Accrued payroll and benefits.
2026-06-30restructuringin_progressUnited StatesPS NAUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Resource and asset realignment. Includes severance and other charges of $8 million for the three months ended June 30, 2026. Severance charges of $17 million recorded in Accrued payroll and benefits.
2026-06-30plant_closurein_progress2026-06-302026-08-01United StatesPS NAMD&A
f5-10q / Qwen3.6-27B-Q8_0
Temporary suspension of operations at Pine Hill, Alabama mill to complete repairs following roof damage caused by a weather event. Expected to resume manufacturing operations in August 2026.
2026-06-30acquisition_additioncompleted2026-06-042026-06-04United StatesPS NAUSD 368 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of North Pacific Paper Company (NORPAC) in Longview, Washington for $368 million. Employee count not disclosed.
2026-06-30acquisition_additioncompleted2026-05-182026-05-18United StatesPS NAUSD 95 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of a converting facility in Dover, Delaware from Delmarva Corrugated Packaging for $95 million. Employee count not disclosed.
2026-06-30divestiture_reductioncompleted2026-01-232026-01-23GlobalGlobal Cellulose FibersUSD 1,100 (millions)divestitures_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Global Cellulose Fibers (GCF) business to American Industrial Partners for cash consideration of $1.1 billion and preferred stock. Employee count not disclosed.
2026-06-30restructuringin_progressUSD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressRiceboro Mill [Member]USD -13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressResource And Asset Realignment - Packaging Solutions EMEA [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressResource And Asset Realignment - Packaging Solutions North America [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressResource And Asset Realignment [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31plant_closurein_progressRiceboro, Georgia, United StatesPS NA — containerboard millUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Riceboro mill closure costs of $7M, including $3M severance (majority paid) and $4M other costs as of 2026-03-31; no employee count disclosed.
2026-03-31restructuringin_progressEMEAPS EMEA — resource and asset realignmentUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $4M severance ($3M accrued at 2026-03-31, payable within twelve months) and $4M other costs paid in Q1 2026; no employee count disclosed.
2026-03-31restructuringin_progressNorth AmericaPS NA — resource and asset realignmentUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $6M severance accrued at 2026-03-31 (payable within twelve months) and $2M other costs; no employee count disclosed.
2026-03-31divestiture_reductioncompleted2026-01-23GlobalGlobal Cellulose Fibers businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Global Cellulose Fibers business to American Industrial Partners completed 2026-01-23 for $1.1B cash plus $168M preferred stock; no headcount transferred disclosed.
2026-03-31acquisition_additionannounced2026-04-16United States (West Coast)Paper manufacturing (NORPAC)USD 360 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire North Pacific Paper Company for $360M, subject to regulatory approvals; purchase price, not a workforce charge. No headcount disclosed.
2026-03-31plant_closurein_progressGeorgia, USAPS NAUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Riceboro mill closure costs include $3 million in severance charges.
2026-03-31restructuringin_progressEMEAPS EMEAUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Resource and asset realignment includes $4 million in severance charges.
2026-03-31restructuringin_progressNorth AmericaPS NAUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Resource and asset realignment includes $6 million in severance charges.
2026-03-31divestiture_reductioncompleted2026-01-23GlobalGlobal Cellulose Fibersbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Global Cellulose Fibers business completed. Headcount not disclosed.
2026-03-31acquisition_additionannounced2026-04-16United StatesPS NAUSD 360 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to acquire North Pacific Paper Company (NORPAC). Headcount not disclosed.
2026-03-31restructuringin_progressUSD 23,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressRiceboro Mill [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressResource And Asset Realignment - Packaging Solutions EMEA [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressResource And Asset Realignment - Packaging Solutions North America [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressResource And Asset Realignment [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progress1,400North America and EMEAPackaging Solutions North America and Packaging Solutions EMEAUSD 626 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,400 workforce reduction across combined 2025 actions. North America: closures of 3 mills, 2 recycling facilities, 6 box plants, 1 sheet plant, 1 sheet feeder, 1 molded fiber facility and 1 box-to-sheet-feeder conversion; EMEA: closures of 17 packaging plants, 1 mill and 1 recycling center. Charge components: Red River mill $84M, Savannah mill $125M, Riceboro mill $96M, PS EMEA resource/asset realignment $262M, PS NA resource realignment $59M. Company also exited the converting bag business in 2025. Headcount not split by geography; some severance expected to be paid in 2026.
2025-12-31acquisition_additioncompleted2025-01-312025-01-31North America and EMEAPackaging Solutions North America and Packaging Solutions EMEAbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
DS Smith combination closed 2025-01-31 for ~$9.9B; headcount added not disclosed. DS Smith represented ~43% of total assets and ~33% of net sales at 12/31/2025. Acquisition-related costs of $237M recorded as a 2025 special item.
2025-12-31divestiture_reductioncompleted2025-08-212026-01-23Global Cellulose Fibersdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Global Cellulose Fibers business to American Industrial Partners for $1.5B announced 2025-08-21 and completed 2026-01-23 (subsequent to fiscal year-end); headcount removed not disclosed. A $1.07B pre-tax impairment was recorded in discontinued operations for 2025.
2025-12-31restructuringcompleted1,4002025-01-012025-12-31Global (North America and EMEA)Packaging SolutionsUSD 626 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Portfolio rationalizations and organizational improvements reduced workforce by approximately 1,400. Includes closures of mills, recycling facilities, and box plants in NA and EMEA. Charge of $626 million recorded in 2025.
2025-12-31divestiture_reductioncompleted2025-08-212026-01-31GlobalGlobal Cellulose FibersItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sold Global Cellulose Fibers business to American Industrial Partners. Completed January 2026. Employee count not explicitly disclosed in this filing.
2025-12-31restructuringin_progressUSD 626,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressRed River Mill [Member]USD 84,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressSavannah Mill [Member]USD 125,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressRiceboro Mill [Member]USD 96,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressPackaging Solutions EMEA [Member]USD 262,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressPackaging Solutions North America [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressRed River Containerboard Mill [Member]USD 84,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressResource And Asset Realignment [Member]USD 321,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30plant_closurein_progress1,200United States (Georgia) and CroatiaPackaging Solutions North America / Packaging Solutions EMEAUSD 840 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Riceboro GA, Savannah GA and Belisce Croatia mills, cutting ~1.7M tons of containerboard capacity; combined pre-tax charges include ~$600M accelerated depreciation. Headcount is a combined figure for all three mills; announcement date not stated in filing.
2025-09-30plant_closurein_progressUnited States (Louisiana)Packaging Solutions North AmericaUSD 85 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Red River mill closure costs for the nine months ended 2025-09-30, including $18M severance, $26M inventory and $41M other charges; employee count not disclosed.
2025-09-30restructuringin_progressEurope, Middle East and AfricaPackaging Solutions EMEAUSD 97 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Resource realignment under the 80/20 strategy; $97M of other costs for the nine months ended 2025-09-30, of which $79M severance accrued and payable within twelve months; headcount not disclosed.
2025-09-30restructuringin_progressUnited StatesPackaging Solutions North AmericaUSD 52 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Resource realignment under the 80/20 strategy; $52M of other costs for the nine months ended 2025-09-30, of which $46M severance accrued and payable within twelve months; headcount not disclosed.
2025-09-30acquisition_additioncompleted2025-01-312025-01-31Global (predominantly Europe and North America)Packaging Solutions North America / Packaging Solutions EMEAbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DS Smith acquisition closed 2025-01-31 for ~$9.9B in stock; acquired headcount not disclosed in this filing. Acquisition-related costs were $94M for the nine months ended 2025-09-30.
2025-09-30divestiture_reductionannounced2025-08-212025-12-31GlobalGlobal Cellulose Fibers (discontinued operations)USD 1,008 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Global Cellulose Fibers to American Industrial Partners for $1.5B (incl. $190M preferred stock); $1.0B pre-tax impairment recorded in Q3 2025 discontinued operations. Headcount not disclosed; expected to close by year-end 2025 subject to regulatory approvals.
2025-09-30divestiture_reductionannounced2025-10Not disclosedBag converting operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event sale of bag converting operations in October 2025; headcount and terms not disclosed.
2025-09-30otherin_progressUnited StatesInformation technology servicesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic transition to outsource a significant portion of North American IT services and support functions; number of employees affected not disclosed.
2025-09-30restructuringin_progress1,2002025-09-30GlobalPackaging SolutionsUSD 840 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Mill closures in Riceboro, GA; Savannah, GA; and Belisce, Croatia. Combined pre-tax charges of approx $840M including $600M accelerated depreciation.
2025-09-30divestiture_reductionannounced2025-08-212025-12-31GlobalGlobal Cellulose FibersUSD 1,000 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell Global Cellulose Fibers business to AIP for $1.5B. Recorded $1.0B impairment charge. Employee count not disclosed.
2025-09-30restructuringin_progress2025-09-30North AmericaCorporate / ITMD&A
f5-10q / Qwen3.6-27B-Q8_0
Initiated strategic transition to outsource significant portion of North American IT services and support functions.
2025-09-30restructuringin_progressUSD 342,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressRed River Mill [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressSavannah Mill [Member]USD 135,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressRiceboro Mill [Member]USD 95,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressPackaging Solutions EMEA [Member]USD 67,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressPackaging Solutions North America [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressRed River Containerboard Mill [Member]USD 85,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30plant_closurein_progressCampti, Louisiana, United StatesPackaging Solutions North America (containerboard mill)USD 85 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of the Red River containerboard mill; $85M restructuring charges recorded in the six months ended June 30, 2025, including $17M of severance, $25M inventory charges and $43M other costs. No employee count disclosed. Closure was previously announced; announcement date not stated in this filing.
2025-06-30restructuringin_progressUnited StatesCompany-wide (80/20 strategic approach)USD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring charges of $37M recorded in the six months ended June 30, 2025 ($32M in the quarter) for other costs related to the 80/20 strategic approach, including resource realignment and mill strategic actions. Severance component not separately quantified for this sub-program; no employee count disclosed.
2025-06-30acquisition_additioncompleted2025-01-312025-01-31North America and EMEAPackaging Solutions North America; Packaging Solutions EMEAbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of DS Smith completed January 31, 2025; DS Smith results included from acquisition date. Purchase consideration approximately $9.9 billion. Headcount added through the acquisition is not disclosed in this filing.
2025-06-30divestiture_reductioncompleted2025-01-242025-06-30France, Portugal, SpainPackaging Solutions EMEA (corrugated box plants)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of five European box plants (Saint-Amand, Mortagne, Cabourg in France; Ovar in Portugal; Bilbao in Spain) to Palm Group for EUR 125 million, completed June 30, 2025 as an EC remedy for the DS Smith combination; net gain of $51 million recorded. Announcement date reflects the European Commission publication date. No employee count disclosed.
2025-06-30otherannouncedNorth America and EMEACompany-wideMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A states the Company took cost-out actions in the quarter, including announced facility closures in North America and EMEA, as part of the 80/20 approach. Specific sites and headcount impacts beyond the Red River closure are not quantified in this filing.
2025-06-30plant_closurein_progressCampti, LouisianaPackaging Solutions North AmericaUSD 85 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent closure of Red River containerboard mill. YTD charges include $17M severance, $25M inventory, and $43M other costs. Employee count not disclosed.
2025-06-30restructuringin_progressGlobalCorporate / All SegmentsUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs related to 80/20 strategic approach. YTD charges of $37M. Employee count not disclosed.
2025-06-30acquisition_additioncompleted2025-01-31GlobalPackaging Solutions North America, Packaging Solutions EMEAbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of DS Smith Plc completed Jan 31, 2025. Headcount added not explicitly disclosed.
2025-06-30divestiture_reductioncompleted2025-06-30France, Portugal, SpainPackaging Solutions EMEAUSD -51 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of five European plants (Mortagne, Saint-Amand, Cabourg, Ovar, Bilbao) to Palm Group. Net gain of $51M recorded. Headcount removed not explicitly disclosed.
2025-06-30restructuringin_progressUSD 39,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressRed River Containerboard Mill [Member] / Packaging Solutions North America Segment [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progress80/20 Strategic Approach [Member] / Packaging Solutions North America Segment [Member]USD 32,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31plant_closurein_progressCampti, Louisiana, United StatesPackaging Solutions North America (containerboard mill)USD 78 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Red River containerboard mill. Charge includes $17M severance, $22M inventory, $39M other. No employee count disclosed. Severance majority payable in 2025.
2025-03-31restructuringin_progressUnited StatesCorporate / enterprise-wide (80/20 strategic approach)USD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance and other costs related to 80/20 strategic approach. No employee count disclosed.
2025-03-31acquisition_additioncompleted2025-01-312025-01-31Global (primarily Europe and North America)Packaging Solutions North America; Packaging Solutions EMEAbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DS Smith acquisition closed 2025-01-31; 178,126,631 IP shares issued. No headcount added disclosed.
2025-03-31divestiture_reductionin_progress2025-01-312025-06-30France (Mortagne, Saint-Amand, Cabourg); Portugal (Ovar); Spain (Bilbao)Packaging Solutions EMEA (corrugated box plants)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Five European plants to be divested as EC remedy for DS Smith acquisition. Assets/liabilities held for sale at 2025-03-31. Exclusive negotiations with Palm Group announced 2025-04-14. No headcount disclosed.
2025-03-31plant_closurein_progress2025-03-31Campti, LouisianaPackaging Solutions North AmericaUSD 78 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent closure of Red River containerboard mill. Includes $17M severance, $22M inventory charges, and $39M other costs. Majority of severance to be paid in 2025.
2025-03-31restructuringin_progress2025-03-31GlobalCorporateUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs related to 80/20 strategic approach.
2025-03-31acquisition_additioncompleted2025-01-312025-01-31GlobalPackaging Solutions North America, Packaging Solutions EMEAbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Completed acquisition of DS Smith Plc. Headcount not explicitly disclosed.
2025-03-31divestiture_reductionannounced2025-04-142025-06-30Europe (France, Portugal, Spain)Packaging Solutions EMEAsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced exclusive negotiations to divest five European plants (Mortagne, Saint-Amand, Cabourg, Ovar, Bilbao) as condition for DS Smith acquisition clearance. Closing expected by end of Q2 2025.
2025-03-31restructuringin_progressUSD 83,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressRed River Containerboard Mill / Packaging Solutions North America [Member]USD 78,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progress80/20 Strategic Approach [Member] / Packaging Solutions North America [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-31restructuringcompleted6502024-10-152024-12-31CorporateUSD 61 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Corporate overhead restructuring plan reduced workforce by approximately 650; substantially implemented in Q4 2024. Charge shown is the Corporate-segment portion of the $105M total 80/20 resource alignment severance (Industrial Packaging $42M, Global Cellulose Fibers $2M)
2024-12-31plant_closurecompleted2024-10-312024-12-31United StatesGlobal Cellulose FibersUSD 119 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Georgetown, South Carolina pulp and paper mill; $119M charged in Q4 2024 (includes $39M severance, $34M inventory, $46M other). Appendix I marks the site as closed December 2024; headcount not disclosed
2024-12-31plant_closurecompletedUnited StatesIndustrial PackagingMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Five box plants closed during 2024 as part of the 80/20 approach; together with Georgetown, expected to remove roughly $110M of annual run-rate cost. Headcount and individual closure dates not disclosed
2024-12-31plant_closureannounced2025-02-132025-03-31United StatesIndustrial PackagingUSD 357 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Campti, Louisiana containerboard mill announced after fiscal year-end; includes ~$311M non-cash asset write-offs (of which $276M accelerated depreciation) and ~$46M cash severance and shutdown charges. Headcount not disclosed
2024-12-31acquisition_additioncompleted2024-04-162025-01-31United KingdomIndustrial Packagingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
All-stock business combination closed 2025-01-31 with issuance of 178,126,631 shares (~34.1% of combined company); acquired headcount not disclosed in this filing. $86M of 2024 transaction costs recorded in selling and administrative expenses
2024-12-31divestiture_reductionannounced2025-01-24France, Portugal, SpainIndustrial Packagingsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Commitment to divest plants in Mortagne, Saint-Amand and Cabourg (France), Ovar (Portugal) and Bilbao (Spain) as condition of DS Smith clearance; announced after fiscal year-end, headcount not disclosed
2024-12-31restructuringcompleted6502024-10-152024-12-31CorporateCorporate OverheadUSD 105 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Corporate overhead restructuring plan to reduce operating costs and optimize organizational structure. Substantially implemented in Q4 2024.
2024-12-31plant_closurecompleted2024-10-31South Carolina, USAGlobal Cellulose FibersUSD 119 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Permanent closure of pulp and paper mill in Georgetown, South Carolina. Employee count not explicitly disclosed in text, but $119M charges incurred in Q4 2024.
2024-12-31plant_closureannounced2025-02-132025-03-31Louisiana, USAIndustrial PackagingUSD 357 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Permanent closure of Red River containerboard mill in Campti, Louisiana. Operations expected to cease by March 31, 2025.
2024-12-31restructuringin_progressUSD 221,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressEmployee Severance [Member] / 80/20 Strategic Approach [Member]USD 105,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressFacility Closing [Member] / Georgetown, South Carolina mill [Member]USD 119,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOther Restructuring [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-09-30restructuringin_progress6502024-10-152024-12-31CorporateUSD 80 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Aggregate pre-tax severance charges of ~$80M; $49M recorded in Q3 2024 and ~$30M anticipated in Q4 2024; majority expected substantially implemented by 2024-12-31. Note 7 separately reports $56M of Q3 2024 severance for the 80/20 resource realignment, split $38M Corporate, $17M Industrial Packaging, $1M Global Cellulose Fibers.
2024-09-30plant_closurein_progress2024-12-31United StatesNorth American Industrial PackagingUSD 7 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Five packaging plants to close in Q4 2024; ~$7M pre-tax restructuring charges recorded in Q3 2024, with ~$18M additional restructuring charges and ~$15M accelerated depreciation anticipated in Q4 2024. No employee count disclosed. Note 7 reports $17M of Q3 2024 Industrial Packaging severance for the 80/20 resource realignment.
2024-09-30plant_closureannounced6752024-10-312024-12-31Georgetown, South Carolina, United StatesGlobal Cellulose FibersUSD 270 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Georgetown pulp and paper mill, staged shutdown complete by year end 2024. Charges comprise ~$220M noncash accelerated depreciation and ~$50M severance and shutdown charges, all expected in Q4 2024. Press release reports 526 hourly and 148 salaried employees impacted; reduces fluff pulp capacity ~300,000 metric tons and uncoated freesheet capacity 285,000 short tons.
2024-09-30plant_closurecompleted2023-10-282024-10-31Orange, Texas, United StatesIndustrial Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanently closed Orange, Texas containerboard mill (closure announced 2023-10-28) sold 2024-10-31 for ~$85M cash; ~$60M gain expected in Q4 2024. No employee count disclosed. Note 7 includes $3M of nine-month 2024 restructuring costs for this closure combined with permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills.
2024-09-30restructuringin_progress6502024-10-152024-12-31GlobalCorporateUSD 80 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Corporate overhead restructuring plan to reduce operating costs and optimize organizational structure. $49M recorded in Q3 2024, ~$30M expected in Q4 2024.
2024-09-30plant_closureannounced6752024-10-312024-12-31South Carolina, United StatesGlobal Cellulose FibersUSD 270 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Permanent closure of Georgetown pulp and paper mill. Charges include ~$220M accelerated depreciation and ~$50M severance/shutdown charges.
2024-09-30restructuringin_progress2024-10-312024-12-31North AmericaIndustrial PackagingUSD 25 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Closure of five packaging facilities. $7M incurred in Q3 2024, ~$18M additional restructuring charges and ~$15M accelerated depreciation expected in Q4 2024.
2024-09-30restructuringin_progressUSD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member]USD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member] / Corporate Segment [Member]USD 38,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member] / Industrial Packaging [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member] / Global Cellulose Fibers [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressNorth American Industrial Packaging [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30plant_closurein_progressUnited States (Orange, Texas; Riegelwood, North Carolina; Pensacola, Florida)Industrial Packaging / Global Cellulose FibersUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $3M recorded in Q1 2024 for permanent closure of the Orange, TX containerboard mill and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL. No restructuring charges recorded in Q2 2024. No employee counts, announcement date, or completion date disclosed.
2024-06-30acquisition_additionannounced2024-04-162024-12-31United Kingdom / EuropeIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All-stock acquisition of DS Smith Plc announced 2024-04-16; HSR waiting period expired 2024-06-25; expected to close Q4 2024 subject to shareholder and regulatory approvals. Transaction costs of $17M in Q2 2024 ($22M YTD). No headcount added disclosed.
2024-06-30restructuringcompleted2024-03-31United StatesIndustrial PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges associated with permanent closure of containerboard mill in Orange, Texas and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills. Employee count not disclosed.
2024-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31plant_closurein_progressOrange, Texas, United StatesIndustrial Packaging — containerboard millrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of the Orange, Texas containerboard mill; no employee count or completion date disclosed. Part of a $3M total restructuring charge for the quarter.
2024-03-31plant_closurein_progressRiegelwood, North Carolina, United StatesGlobal Cellulose Fibers — pulp machinesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of pulp machines at the Riegelwood mill; no employee count or completion date disclosed. Included in the $3M total restructuring charge.
2024-03-31plant_closurein_progressPensacola, Florida, United StatesGlobal Cellulose Fibers — pulp machinesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of pulp machines at the Pensacola mill; no employee count or completion date disclosed. Included in the $3M total restructuring charge.
2024-03-31acquisition_additionannounced2024-04-162024-12-31United Kingdom / EuropeCombined company — all functionssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All-stock recommended offer to acquire DS Smith Plc announced 2024-04-16; implied enterprise value ~$9.9B, ~180M IP shares to be issued. No headcount added disclosed; $5M transaction costs recorded in Q1 2024. Expected close Q4 2024.
2024-03-31restructuringin_progressUnited StatesIndustrial Packaging; Global Cellulose FibersUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges associated with permanent closure of containerboard mill in Orange, Texas and permanent shutdown of pulp machines at Riegelwood, NC and Pensacola, FL mills. Employee count not disclosed.
2024-03-31restructuringin_progressUSD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressNorth American Industrial Packaging [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-12-31plant_closurecompleted2023-10-182023-12-04Orange, Texas, United StatesIndustrial Packaging (containerboard)USD 81 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of containerboard mill; $81M cash severance and other shutdown charges ($25M severance, $30M inventory impairment, $26M other), plus $347M pre-tax non-cash write-off and accelerated depreciation. Employee headcount not disclosed.
2023-12-31plant_closurecompleted2023-10-182023-12-11Pensacola, Florida and Riegelwood, North Carolina, United StatesGlobal Cellulose Fibers (pulp machines)USD 37 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of two pulp machines; $37M cash severance and other shutdown charges ($21M severance, $12M inventory impairment, $4M other), plus $75M pre-tax non-cash write-off and accelerated depreciation. Employee headcount not disclosed.
2023-12-31divestiture_reductioncompleted2023-09-182023-09-18RussiaIlim S.A. joint venture (pulp and paper)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 50% equity interest in Ilim plus Ilim Group shares under a previously announced agreement; IP no longer has any investments in Russia. Headcount removed not disclosed; $36M transaction fees incurred.
2023-12-31restructuringin_progressUnited StatesIndustrial Packaging and Global Cellulose FibersUSD -19 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Building a Better IP program; 2023 activity was a $19M net credit from revision of prior severance estimates ($8M Industrial Packaging, $3M Global Cellulose Fibers, $8M Corporate). No employee count disclosed.
2023-12-31plant_closurecompleted2023-10-182023-12-04Orange, TexasIndustrial PackagingUSD 81 (millions)Item 1. Business
f5-10k / Qwen3.6-27B-Q8_0
Permanent closure of containerboard mill. Pre-tax cash severance and other shutdown charges of approximately $81 million.
2023-12-31plant_closurecompleted2023-10-182023-12-11Riegelwood, North Carolina and Pensacola, FloridaGlobal Cellulose FibersUSD 37 (millions)Item 1. Business
f5-10k / Qwen3.6-27B-Q8_0
Permanent cessation of production on two pulp machines. Pre-tax cash severance and other shutdown charges of approximately $37 million.
2023-12-31restructuringin_progressUSD 99,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressFacility Closing [Member] / Orange, Texas mill [Member]USD 81,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressFacility Closing [Member] / Pensacola Mill and Riegelwood Mill [Member]USD 37,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressBuilding a Better IP [Member]USD -19,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-09-30plant_closureannounced2023-10-182023-12-31United States — Orange, TexasIndustrial Packaging (containerboard mill)USD 450 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent closure announced October 18, 2023; charges comprise ~$395M noncash asset write-off/accelerated depreciation plus ~$55M cash severance and shutdown costs, to be recorded in Q4 2023. No employee count disclosed.
2023-09-30plant_closureannounced2023-10-182023-12-31United States — Riegelwood, North CarolinaGlobal Cellulose Fibers (one pulp machine)USD 214 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent cessation of production on one of two pulp machines announced October 18, 2023; charges comprise ~$200M noncash write-off/accelerated depreciation plus ~$14M cash severance and shutdown costs disclosed in aggregate for both machines, to be recorded in Q4 2023. Charge shown here is the disclosed aggregate; no per-machine split or employee count given.
2023-09-30plant_closureannounced2023-10-182023-12-31United States — Pensacola, FloridaGlobal Cellulose Fibers (one pulp machine)USD 214 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second of two pulp machines announced for permanent shutdown October 18, 2023. Charge reflects the same disclosed aggregate (~$200M noncash plus ~$14M cash) as the Riegelwood machine; filer did not split the charge between the two sites. No employee count disclosed.
2023-09-30divestiture_reductioncompleted2023-01-012023-09-18RussiaIlim S.A. / Ilim Group joint venture (pulp and paper)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 50% Ilim equity interest for $484M plus Ilim Group shares for $24M completed September 18, 2023; Company no longer has any interest in Ilim. Announcement date reflects the previously announced January 2023 agreement. No headcount associated with the divestiture is disclosed.
2023-09-30plant_closureannounced2023-10-182023-12-31Orange, TexasIndustrial PackagingUSD 55 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Plans to permanently close containerboard mill by end of year. Pre-tax cash severance and other shutdown charges approx $55 million. Noncash write-offs approx $395 million.
2023-09-30plant_closureannounced2023-10-182023-12-31Riegelwood, North Carolina and Pensacola, FloridaGlobal Cellulose FibersUSD 14 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Plans to permanently cease production on two pulp machines by end of year. Pre-tax cash severance and other shutdown charges approx $14 million. Noncash write-offs approx $200 million.
2023-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-12-31restructuringin_progressUnited StatesCorporate and business segmentsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Building a Better IP cost-reduction program continued in 2022, delivering $250 million of earnings benefits, but no severance charge was recorded in 2022 (2021 charges were $29 million). No employee-impact count disclosed for 2022.
2022-12-31divestiture_reductionannounced2023-01-24RussiaIlim joint venture (equity method investment)USD 533 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement announced January 24, 2023 to sell the 50% Ilim interest for $484 million, plus an indication of interest for the JSC Ilim Group stake ($24 million); completion subject to Russian regulatory approvals. A $533 million other-than-temporary impairment was recorded in Q4 2022 (within discontinued operations). No employee count disclosed.
2022-12-31otherannounced2023-02-192023-08-31United StatesU.S. mills (United Steelworkers bargaining units)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Negotiations with the USW on the mill master collective bargaining agreement (expires August 2023) and related mill joint pension counsel master agreement (expires September 2023) were scheduled to begin February 19, 2023. USW represents approximately 6,000 employees at the mills. Subsequent-event labor negotiation, not a headcount action.
2022-12-31restructuringcompleted2022-01-012022-12-31GlobalCorporateUSD 89 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax restructuring and other charges of $89 million recorded in 2022, primarily early debt extinguishment costs ($93 million) and other items. Employee count not disclosed.
2022-12-31restructuringin_progressUSD 89,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressEarly debt extinguishment costs [Member]USD 93,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOther Restructuring [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-09-30restructuringcompletedCorporateCorporateUSD 93 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to early debt extinguishment costs. No employee count disclosed.
2022-09-30restructuringin_progressUSD 93,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 93,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringcompletedEMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance related to optimization of EMEA Packaging business. Charge recorded in Q1 2021.
2022-06-30restructuringcompletedCorporateCorporateUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance charge recorded in Q2 2021.
2022-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-31divestiture_reductioncompleted2021-10-012021-10-01North America, France, RussiaPrinting Papers (with certain mixed-use coated paperboard and pulp businesses)USD 92 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Printing Papers into Sylvamo Corporation; $92M pre-tax spin-off expenses recorded in discontinued operations in 2021. Headcount conveyed not disclosed; filing states total employees decreased significantly versus 2020 as a result.
2021-12-31divestiture_reductioncompleted2021-08-062021-08-06PolandPrinting Papers — Kwidzyn pulp and paper milldiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Kwidzyn mill for EUR 669 million (~$794M); net gain of $360M ($350M after tax) recorded in discontinued operations. Headcount not disclosed.
2021-12-31divestiture_reductioncompleted2021-05-312021-05-31TurkeyIndustrial Packaging — Olmuksan corrugated packaging businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 90.38% interest to Mondi Group for EUR 66 million (~$81M); $123M impairment charge recorded in Q4 2020. Headcount not disclosed.
2021-12-31restructuringin_progress2021-12-31GlobalCorporate and business segments (Building a Better IP initiative)USD 29 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance related to streamlining and process optimization; majority of severance expected to be paid in 2022. Program targets $350-430M of incremental earnings in 2024. Employees affected not disclosed; announcement date not specified (charges recorded during 2021).
2021-12-31restructuringin_progress2021-12-31EMEAIndustrial Packaging — EMEA Packaging optimizationUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance related to optimization of the EMEA Packaging business; majority of severance expected to be paid in 2022. Employees affected not disclosed; announcement date not specified (charge recorded in Q1 2021).
2021-12-31acquisition_additioncompleted2021-04-012021-04-01SpainIndustrial Packaging — two box plants (La Gaviota and Cartonajes Trilla)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase consideration approximately EUR 71 million (~$83M). Acquired businesses represent ~0.1% of net sales and 0.4% of total assets and were excluded from the ICFR assessment. Headcount added not disclosed.
2021-12-31divestiture_reductioncompleted2021-10-012021-10-01North America, Europe, RussiaPrinting PapersItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Spin-off of Printing Papers business into Sylvamo Corporation. Employee count not specified, but total headcount decreased significantly.
2021-12-31restructuringin_progress2021-01-01GlobalCorporate and Business SegmentsUSD 509 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Includes 'Building a Better IP' initiative ($29M) and EMEA packaging optimization ($12M). Employee counts not disclosed in footnote.
2021-12-31restructuringin_progressUSD 509,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEarly debt extinguishment costs [Member]USD 461,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressBuilding a Better IP [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEMEA Industrial Packaging [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOther Restructuring [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30divestiture_reductioncompleted2021-08-062021-08-06PolandPrinting Papers (Kwidzyn mill)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Kwidzyn, Poland pulp and paper mill for approximately $794 million; no employee count disclosed.
2021-09-30divestiture_reductioncompleted2021-05-312021-05-31TurkeyIndustrial Packaging (Olmuksan corrugated packaging)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 90.38% ownership interest to Mondi Group for approximately $81 million; no employee count disclosed.
2021-09-30divestiture_reductioncompleted2021-10-012021-10-01GlobalPrinting Papers (Sylvamo Corporation spin-off)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Printing Papers segment into Sylvamo Corporation completed October 1, 2021; approximately 900 active qualified pension participants transitioned to Sylvamo per Note 19, but no total employee count transferred disclosed.
2021-09-30acquisition_additioncompleted2021-04-012021-04-01SpainIndustrial Packaging (two box plants)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of two box plants in Spain for approximately $83 million; no headcount added disclosed.
2021-09-30restructuringin_progressGlobalCorporate / Industrial PackagingUSD 243 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month 2021 restructuring charges of $243M comprising early debt extinguishment costs and severance (EMEA Packaging optimization); no employee counts disclosed. Building a Better IP initiative may incur additional charges.
2021-09-30restructuringin_progress2021-07-01CorporateCorporateUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge for severance; majority expected to be paid over next twelve months.
2021-09-30restructuringin_progress2021-04-01CorporateCorporateUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge for severance recorded in Q2; majority expected to be paid over next twelve months.
2021-09-30restructuringin_progress2021-01-01EMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge for severance related to optimization of EMEA Packaging business; majority expected to be paid over next twelve months.
2021-09-30restructuringin_progressUSD 39,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressReimagine IP [Member] / Corporate and Other [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progress2021-04-01United StatesCorporateUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2021 severance charge in Corporate; majority expected to be paid over the next twelve months. Employee count not disclosed.
2021-06-30restructuringin_progress2021-01-01EMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2021 severance related to EMEA Packaging business optimization; majority expected to be paid over the next twelve months. Employee count not disclosed. Announcement date approximate (during Q1 2021).
2021-06-30restructuringin_progress2021-04-01CorporateCorporateUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance charge recorded in Q2 2021; majority expected to be paid over next twelve months.
2021-06-30restructuringin_progress2021-03-31EMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance related to optimization of EMEA Packaging business recorded in Q1 2021; majority expected to be paid over next twelve months.
2021-06-30restructuringin_progressUSD 174,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 170,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressReimagine IP [Member] / Corporate and Other [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance charge for optimization of EMEA Packaging business; number of employees affected not disclosed. Majority of severance expected to be paid over next twelve months.
2021-03-31divestiture_reductionin_progress2021-02-12PolandPrinting Papers (Kwidzyn mill)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Kwidzyn, Poland pulp and paper mill for EUR 670 million; expected to close in second half of 2021. Headcount associated with the mill not disclosed.
2021-03-31divestiture_reductionin_progress2021-01-05TurkeyIndustrial Packaging (Olmuksan International Paper)USD 2 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell 90.38% interest in Olmuksan International Paper to Mondi Group for EUR 66 million; expected to complete in Q2 2021. Additional $2M charge recorded in Q1 2021 for cumulative FX translation loss. Headcount not disclosed.
2021-03-31divestiture_reductionannounced2020-12-032021-09-30GlobalPrinting Papersother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to spin off Printing Papers segment as standalone public company; expected completion late Q3 2021. IP to retain up to 19.9% of shares. Headcount impact not disclosed.
2021-03-31acquisition_additionannounced2021-04-012021-04-01SpainIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired two box plants in Spain for EUR 72 million (~$85 million). Headcount added not disclosed.
2021-03-31acquisition_additionannounced2021-04-01United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Received noncontrolling interest in a US-based corrugated packaging producer; $115 million investment to be recorded in Q2 2021 as equity method investment. Headcount not disclosed.
2021-03-31restructuringin_progress2021-03-312022-03-31EMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance related to optimization of EMEA Packaging business. Majority of severance expected to be paid over next twelve months. Employee count not disclosed.
2021-03-31restructuringin_progressUSD 30,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEMEA Restructuring [Member] / EMEA Packaging [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31divestiture_reductioncompleted2020-10-14BrazilIndustrial PackagingUSD 347 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Brazilian Industrial Packaging business (three containerboard mills, four box plants) closed 2020-10-14 for R$330 million; pre-tax charges of $347 million recorded. No employee count disclosed.
2020-12-31divestiture_reductionannounced2020-12-032021-09-30GlobalPrinting Papersrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan announced 2020-12-03 to spin off Printing Papers into a standalone public company (SpinCo); expected to close late in Q3 2021. Spin-off costs of $9 million recorded in corporate special items for FY2020. No employee count disclosed.
2020-12-31divestiture_reductionannounced2021-01-052021-06-30TurkeyIndustrial PackagingUSD 123 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell 90.38% interest in Olmuksan International Paper announced 2021-01-05 (after fiscal year-end) for €66 million; preliminary $123 million charge recorded in Q4 2020. Classified as held for sale at 2020-12-31. No employee count disclosed.
2020-12-31plant_closureannounced2021-02-122021-12-31PolandPrinting Paperssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell the Kwidzyn, Poland pulp and paper mill announced 2021-02-12 (after fiscal year-end and before filing) for €670 million; expected to close Q4 2021. No employee count disclosed.
2020-12-31othercompletedGlobalCorporateUSD 196 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2020 restructuring and other charges, net, totaled $195 million, substantially all of which was $196 million of early debt extinguishment costs (offset by $(1) million other items). No employee separations or headcount impacts quantified for FY2020.
2020-12-31restructuringcompleted2020-01-012020-12-31GlobalCorporate and Business SegmentsUSD 195 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax restructuring and other charges of $195 million recorded in 2020. Includes $196 million for early debt extinguishment costs and $(1) million for other restructuring items. Employee count affected not disclosed.
2020-12-31divestiture_reductioncompleted2020-10-142020-10-14BrazilIndustrial PackagingUSD 347 (millions)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Brazilian Industrial Packaging business closed Oct 14, 2020. Net pre-tax charges of $347 million recorded. Employee count affected not disclosed.
2020-12-31divestiture_reductioncompleted2019-10-302019-10-30IndiaPrinting Papersdiscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of controlling interest in Indian Papers business closed Oct 30, 2019. Immaterial loss recorded in 2020 for remaining investment sale. Employee count affected not disclosed.
2020-12-31restructuringin_progressUSD 195,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressEarly debt extinguishment costs [Member]USD 196,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOther Restructuring [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringcompleted2020-09-302020-09-30GlobalCorporateUSD 105 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed.
2020-09-30restructuringcompleted2020-06-302020-06-30GlobalCorporateUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed.
2020-09-30restructuringcompleted2020-03-312020-03-31GlobalCorporateUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to early debt extinguishment costs. Employee count not disclosed.
2020-09-30restructuringin_progressUSD 105,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 105,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progress2020-03-292020-12-31BrazilIndustrial PackagingUSD 352 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell Brazilian Industrial Packaging business. Charges include impairment and foreign currency translation losses. Employee count not disclosed.
2020-06-30restructuringcompleted2020-06-302020-06-30CorporateCorporateUSD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Early debt extinguishment costs recorded in Q1 and Q2 2020. Employee count not disclosed.
2020-06-30restructuringin_progressUSD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEarly Debt Extinguishment Costs [Member] / Corporate and Other [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31divestiture_reductionannounced2020-03-29BrazilIndustrial PackagingUSD 344 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Brazilian Industrial Packaging (three containerboard mills, four box plants) for R$330 million (~$63.5M); expected to close in H2 2020. The $344M pre-tax charge comprises a $20M long-lived asset write-down and a $324M cumulative translation adjustment loss — not severance. No employee count disclosed.
2020-03-31restructuringin_progress2020-03-292020-12-31BrazilIndustrial PackagingUSD 344 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell Brazilian Industrial Packaging business. Charge includes $20M asset write-down and $324M cumulative foreign currency translation adjustment. Transaction expected to close in second half of 2020.
2020-03-31restructuringcompleted2020-03-312020-03-31CorporateCorporateUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to early debt extinguishment costs.
2020-03-31restructuringin_progressUSD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEarly debt extinguishment costs [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31restructuringin_progressUnited StatesCorporateUSD 11 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance component of the 2019 overhead cost reduction initiative; majority of severance expected to be paid in 2020. Employee counts not disclosed.
2019-12-31restructuringin_progressUnited StatesPrinting PapersUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance component of the 2019 overhead cost reduction initiative; employee counts not disclosed.
2019-12-31restructuringin_progressUnited StatesGlobal Cellulose FibersUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance component of the 2019 overhead cost reduction initiative; employee counts not disclosed.
2019-12-31restructuringin_progressEMEAIndustrial PackagingUSD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2019 EMEA Packaging restructuring comprising $14 million severance and $1 million other charges; majority of severance expected to be paid in 2020. Employee counts not disclosed.
2019-12-31divestiture_reductioncompleted2019-05-292019-10-30IndiaPrinting PapersUSD 159 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of controlling interest in International Paper APPM Limited closed October 30, 2019 for $82 million net proceeds; $159 million pre-tax impairment recorded. Company retained a passive 20% interest. Headcount transferred not disclosed.
2019-12-31acquisition_additioncompleted2019-06-28Portugal, FranceIndustrial PackagingUSD 81 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of packaging businesses in Ovar (Portugal) and Torigni/Cabourg (France) from DS Smith for approximately €71 million ($81 million). Headcount added not disclosed.
2019-12-31acquisition_additioncompleted2019-12-31SpainIndustrial PackagingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Two Spanish packaging businesses (Tavernes de la Valldigna and Montblanc) acquired during 2019; excluded from the ICFR assessment as of December 31, 2019. Headcount added not disclosed.
2019-12-31restructuringcompleted2019EMEAIndustrial PackagingUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
EMEA packaging optimization charges of $15 million recorded in 2019.
2019-12-31restructuringcompleted2019GlobalCorporate / Printing Papers / Global Cellulose FibersUSD 21 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Overhead cost reduction initiative charges of $21 million ($11M Corporate, $6M Printing Papers, $4M Global Cellulose Fibers).
2019-12-31restructuringin_progressUSD 57,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOverhead Cost Reduction Initiative [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEMEA Industrial Packaging [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEarly debt extinguishment costs [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressRiverdale mill conversion [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progressUnited StatesCorporateUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed. Majority of severance expected to be paid over next twelve months.
2019-09-30restructuringin_progressUnited StatesPrinting PapersUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed.
2019-09-30restructuringin_progressUnited StatesGlobal Cellulose FibersUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Overhead cost reduction initiative severance charge recorded in Q3 2019; no employee count disclosed.
2019-09-30divestiture_reductioncompleted2019-05-292019-10-30IndiaPrinting Papers (Indian Papers business)USD 8 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of controlling interest in International Paper APPM Limited to West Coast Paper Mills; transaction closed 2019-10-30. No headcount associated with the divestiture disclosed.
2019-09-30acquisition_additioncompleted2019-06-28Portugal and FranceIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of two packaging businesses from DS Smith Packaging closed 2019-06-28; no headcount added disclosed.
2019-09-30restructuringin_progress2019-09-30GlobalCorporate, Printing Papers, Global Cellulose FibersUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Overhead cost reduction initiative. Charges recorded: $11M Corporate, $6M Printing Papers, $4M Global Cellulose Fibers. Majority of severance expected to be paid over next twelve months. Employee count not disclosed.
2019-09-30restructuringin_progressUSD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringcompletedEMEAIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2019 charge of $0. Q2 2018 charge included $12M severance for EMEA Packaging optimization. Employee count not disclosed.
2019-06-30acquisition_additioncompleted2019-06-28Portugal, FranceIndustrial Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired two packaging businesses from DS Smith Packaging. Headcount not disclosed.
2019-03-31acquisition_additionannounced2019-04-16France; PortugalIndustrial PackagingUSD 71 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreements signed 2019-04-16 to acquire DS Smith Packaging Normandie (two converting sites) and the former Europac Ovar box plant for approximately €63 million (~$71 million), subject to closing conditions and regulatory approvals. No employee count disclosed.
2019-03-31restructuringcompletedEMEAIndustrial PackagingUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Multi-employer pension plan exit liability recorded in Q1 2019.
2019-03-31othercompletedIndiaPrinting PapersMD&A
f5-10q / Qwen3.6-27B-Q8_0
Labor strike at the Kadiam mill impacted manufacturing operating costs.
2018-12-31divestiture_reductioncompleted2018-01-01North AmericaNorth American Consumer Packaging (Coated Paperboard and Foodservice)USD 25 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Business transferred to Graphic Packaging International Partners for a 20.5% equity interest; $25M pre-tax transaction costs recorded in 2018. Headcount associated with the transferred business not disclosed.
2018-12-31restructuringin_progressEMEAIndustrial Packaging (EMEA Packaging)USD 47 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2018 EMEA Packaging optimization charge of $47M, including $33M severance, $6M accelerated depreciation, $2M accelerated amortization and $6M other; majority of severance paid during 2018. Employees affected not disclosed.
2018-12-31restructuringin_progress51United StatesPrinting Papers (Riverdale mill paper machine conversion)USD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance reserve related to 51 employees for conversion of a Riverdale mill paper machine to containerboard production.
2018-12-31restructuringcompleted2018EMEAIndustrial PackagingUSD 47 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
EMEA Packaging optimization charges of $47 million pre-tax. Includes $33 million severance, $6 million accelerated depreciation, $2 million accelerated amortization, and $6 million other charges. Majority of severance paid throughout the year.
2018-12-31restructuringcompleted512018United StatesPrinting PapersUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Riverdale mill paper machine conversion severance reserve for 51 employees.
2018-12-31restructuringin_progressUSD 29,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progress51Riverdale mill conversion [Member]restructuring_footnote
f5-10k / no-ai-xblr
2018-09-30restructuringin_progress2018-12-31EMEAIndustrial PackagingUSD 48 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
EMEA Packaging optimization: $48M pre-tax YTD 2018 ($22M Q1, $26M Q2; none in Q3), including $12M severance in Q2 and primarily severance in Q1. No employee count disclosed; most severance expected paid over remainder of 2018.
2018-09-30otherannounced2018-10-25BrazilIndustrial Packaging (Brazil Packaging)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement (2018-10-25) that the Company is exploring strategic options for its Brazil Packaging business; follows a $122M pre-tax impairment ($81M after tax) of intangible and fixed assets in Q3 2018. No workforce reduction quantified.
2018-09-30restructuringin_progress2018-06-302018-12-31EMEAIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Optimization of EMEA Packaging business. Charge includes $12M severance, $6M accelerated depreciation, $2M accelerated amortization, and $6M other. Majority of severance expected to be paid in remainder of 2018.
2018-09-30restructuringin_progress2018-03-312018-12-31EMEAIndustrial PackagingUSD 22 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Optimization of EMEA Packaging business. Charge primarily related to severance.
2018-06-30restructuringin_progressEMEAIndustrial PackagingUSD 48 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
EMEA Packaging optimization: $48M pre-tax YTD 2018 ($26M in Q2, $22M in Q1), including ~$12M severance in Q2 plus accelerated depreciation/amortization; no employee count disclosed. Majority of YTD severance expected to be paid over remainder of 2018.
2018-06-30divestiture_reductioncompleted2018-01-01North AmericaNorth American Consumer Packaging (Coated Paperboard and Foodservice)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Business transferred to Graphic Packaging subsidiary on 2018-01-01 for 20.5% equity stake; no headcount associated with the transfer disclosed.
2018-06-30restructuringin_progressEMEAIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge includes $12 million severance, $6 million accelerated depreciation, $2 million accelerated amortization, and $6 million other charges for EMEA Packaging optimization. Employee count not disclosed.
2018-06-30restructuringin_progressEMEAIndustrial PackagingUSD 22 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2018 charge primarily related to severance for EMEA Packaging optimization. Employee count not disclosed.
2018-06-30othercompletedBrazilIndustrial PackagingMD&A
f5-10q / Qwen3.6-27B-Q8_0
Nationwide trucker's strike negatively impacted operating profit by approximately $3 million. Employee count not disclosed.
2018-03-31restructuringin_progress2212018-03-31EMEAIndustrial Packaging (EMEA Packaging)USD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge recorded in Q1 2018, primarily severance for 221 employees as part of EMEA Packaging business optimization; no completion date disclosed.
2018-03-31divestiture_reductioncompleted2018-01-012018-01-01North AmericaNorth American Consumer Packaging (Coated Paperboard and Foodservice)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Business transferred to Graphic Packaging subsidiary for 20.5% equity interest; headcount transferred not disclosed.
2018-03-31restructuringin_progressEMEAIndustrial PackagingUSD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
EMEA Packaging optimization charge of $22 million reported in Q1 2018.
2018-03-31restructuringin_progressGlobalGlobalUSD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Abandoned property removal charge of $9 million reported in Q1 2018.
2018-03-31restructuringin_progress221EMEA Industrial Packaging [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2017-12-31divestiture_reductioncompleted2018-01-01North AmericaConsumer Packaging (North American Coated Paperboard and Foodservice)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
North American Consumer Packaging business transferred to a Graphic Packaging subsidiary on January 1, 2018 for a 20.5% equity interest; headcount not disclosed. Treated as a subsequent event relative to the December 31, 2017 fiscal year end
2017-12-31acquisition_additioncompleted2017-06-30MoroccoIndustrial Packaging — corrugated packaging facilitybusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Europac's Tangier corrugated packaging facility completed June 30, 2017 for approximately $46 million; acquired headcount not disclosed
2017-12-31divestiture_reductioncompleted2017-09-07ChinaFoodservice businessUSD 9 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of China foodservice business to Huhtamaki completed September 7, 2017 with a $9 million pre-tax write-down; headcount not disclosed
2017-12-31othercompleted2017-09-262017-10-03United StatesCorporate — U.S. qualified pension planUSD 376 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Group annuity purchase with Prudential transferred benefits for approximately 45,000 retirees (beneficiaries receiving under $450 monthly); retirees, not active employees, so no active-workforce reduction. $376 million pre-tax non-cash settlement charge
2017-12-31restructuringcompleted8520162016-12-31TurkeyIndustrial PackagingUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges related to 85 employees for Turkey mill closure recorded in 2016.
2017-12-31restructuringcompleted6920152015-12-31United StatesGlobal Cellulose FibersUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges related to 69 employees for Riegelwood mill conversion recorded in 2015.
2017-12-31restructuringin_progressUSD 67,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-09-30divestiture_reductionannounced2017-10-232018-03-31North AmericaConsumer Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to contribute North American Consumer Packaging business (Coated Paperboard and Foodservice) to Graphic Packaging subsidiary in a transaction valued at $1.8 billion; IP receives 20.5% equity interest. No employee count disclosed.
2017-09-30divestiture_reductioncompleted2017-06-302017-09-07ChinaConsumer PackagingUSD 9 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of foodservice business in China to Huhtamaki completed 2017-09-07; $9M pre-tax impairment charge recorded in Q2 2017. No employee count disclosed.
2017-09-30acquisition_additioncompleted2017-06-302017-06-30MoroccoIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Europac's Tangier corrugated packaging facility for EUR 40 million (~$46M). No employee count disclosed.
2017-09-30othercompleted2017-09-262017-10-03United StatesCorporate / Retirement PlanUSD 400 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Group annuity contract with Prudential transferring ~$1.3B of U.S. qualified pension PBO covering ~45,000 retirees; closed 2017-10-03. Expected non-cash settlement charge of ~$400M pre-tax in Q4 2017. Affects retiree benefit administration, not active headcount.
2017-09-30otherin_progressIndiaPrinting PapersMD&A
f5-10q / Qwen3.6-27B-Q8_0
6-day contract workers' strike reduced production capacity in Q3 2017.
2017-09-30divestiture_reductioncompleted2017-06-302017-09-07ChinaConsumer Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of foodservice business in China to Huhtamaki Hong Kong Limited completed Sept 7, 2017. Employee count not disclosed.
2017-09-30acquisition_additioncompleted2017-06-302017-06-30MoroccoIndustrial PackagingUSD 46 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Europac's Tangier, Morocco corrugated packaging facility. Employee count not disclosed.
2017-06-30restructuringcompleted2017-06-292017-09-30ChinaConsumer PackagingUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell foodservice business in China. Pre-tax charge of $9 million recorded to write down long-lived assets to estimated fair value. Transaction expected to complete in Q3 2017.
2017-06-30acquisition_additioncompleted2017-06-302017-06-30MoroccoIndustrial Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Completed acquisition of Europac's Tangier, Morocco corrugated packaging facility for approx. $46 million. Headcount not disclosed.
2016-12-31plant_closurecompleted85TurkeyIndustrial Packaging — EMEAUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge comprises $4M accelerated depreciation and $3M severance related to 85 employees; specific announcement and closure dates not disclosed.
2016-12-31divestiture_reductioncompleted2016-03-142016-06-30China and Southeast AsiaIndustrial Packaging — Asian corrugated packaging businessUSD 70 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to Xiamen Bridge Hexing completed June 30, 2016; $70M pre-tax charge combines $46M long-lived asset write-down and $24M severance contingent on the sale. Headcount affected not disclosed.
2016-12-31acquisition_additioncompleted2016-12-01United States, Canada and PolandGlobal Cellulose FibersUSD 31 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Weyerhaeuser pulp business acquired December 1, 2016 for ~$2.2B cash (four fluff pulp mills, one NBSK mill, two converting facilities). Charge shown is pre-tax acquisition/integration costs; headcount added not disclosed.
2016-12-31acquisition_additioncompleted2016-06-30SpainIndustrial Packaging — EMEAbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Holmen Paper newsprint mill in Madrid plus recycling operations and 50% of a cogeneration facility acquired June 30, 2016 for EUR 53 million (~$59M); headcount added not disclosed.
2016-12-31restructuringcompleted8520162016-12-31TurkeyIndustrial PackagingUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Turkey mill closure; includes $3 million severance charges related to 85 employees.
2016-12-31restructuringcompleted20162016-12-31AsiaIndustrial PackagingUSD 24 (millions)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of corrugated packaging business in China and Southeast Asia; $24 million pre-tax charge for severance contingent upon sale. Employee count not explicitly disclosed in footnote.
2016-12-31restructuringin_progress85Turkey mill closure [Member]restructuring_footnote
f5-10k / no-ai-xblr
2016-09-30divestiture_reductioncompleted2016-03-142016-06-30China and Southeast AsiaIndustrial Packaging (corrugated packaging business)USD 24 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance contingent on the sale, recorded in Q2 2016; a $5M post-closing adjustment charge was recorded in Q3 2016. No employee count disclosed.
2016-09-30divestiture_reductioncompleted2016-03-142016-06-30China and Southeast AsiaIndustrial PackagingUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of corrugated packaging business completed June 30, 2016. Q3 charge of $5M for post-closing adjustments. Earlier Q2 charge included $24M for severance contingent on sale. Employee count not disclosed.
2016-09-30restructuringcompletedIndiaIndustrial PackagingUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Write-off of costs associated with India packaging business evaluation. Employee count not disclosed.
2016-06-30divestiture_reductioncompleted2016-06-302016-06-30China and Southeast AsiaIndustrial PackagingUSD 24 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of corrugated packaging business to Xiamen Bridge Hexing; $24M severance charge contingent on sale, plus $41M asset write-down. No employee count disclosed.
2016-06-30acquisition_additionannounced2016-05-012016-12-31United States, Canada, PolandPrinting Papers (pulp)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to purchase Weyerhaeuser pulp business for $2.2B cash; four fluff pulp mills, one NBSK mill, two converting facilities. DOJ investigation completed without action; other regulatory approvals pending. No headcount disclosed.
2016-06-30acquisition_additioncompleted2016-06-302016-06-30SpainIndustrial Packaging / Printing Papersbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Holmen Paper newsprint mill in Madrid (€54M / ~$61M), including recycling operations and 50% of a cogeneration facility; mill to be converted to recycled containerboard in 2H 2017. No headcount disclosed.
2016-06-30voluntary_separationcompleted2016-01-012016-06-30United StatesCorporate / All SegmentsUSD 439 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary pension buyout for term-vested former employees. $1.2 billion in lump sum payments made from plan assets. Resulted in $439 million non-cash settlement accounting charge.
2016-06-30divestiture_reductioncompleted2016-06-30China and Southeast AsiaIndustrial PackagingUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of corrugated packaging business in China and Southeast Asia. $24 million pre-tax charge for severance contingent upon sale.
2016-03-31divestiture_reductionannounced2016-03-142016-06-30China and Southeast AsiaIndustrial PackagingUSD 37 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell corrugated packaging business to Xiamen Bridge Hexing for approx. RMB 1 billion (~$155M); $37M pre-tax asset write-down recorded. No employee count disclosed; expected close in Q2 2016 subject to governmental approvals.
2016-03-31acquisition_additionannounced2016-03-162016-06-30Madrid, SpainIndustrial Packaging / Printing Papersother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Binding agreement to purchase Holmen's Madrid newsprint mill, associated recycling operations and 50% of a cogeneration facility for €50 million (~$57M); mill to be converted to recycled containerboard in H2 2017. No headcount disclosed.
2016-03-31acquisition_additionannounced2016-05-012016-12-31United States, Canada and PolandPrinting Papers (pulp business)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to purchase Weyerhaeuser's pulp business (five pulp mills, two modified fiber mills) for $2.2 billion cash; expected close Q4 2016 subject to regulatory approval. No employee count disclosed.
2016-03-31restructuringcompleted2016-03-312016-03-31United StatesConsumer PackagingUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Riegelwood mill conversion costs. Employee count not disclosed.
2016-03-31divestiture_reductionannounced2016-03-142016-06-30China and Southeast AsiaIndustrial PackagingUSD 37 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell corrugated packaging business. Includes $37M impairment charge. Employee count not disclosed.
2015-12-31restructuringin_progress692015-12-312016-06-30United StatesConsumer Packaging — Riegelwood millUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance for 69 employees within the Riegelwood mill conversion to 100% pulp production; conversion initiated late December 2015, expected fully ramped by Q4 2016; total net charge $8M including $24M accelerated depreciation less $22M brand sale proceeds
2015-12-31divestiture_reductioncompleted2015-10-132015-10-13China / AsiaConsumer Packaging — IP Asia Coated Paperboard (IP-Sun JV)USD 174 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 55% interest completed 2015-10-13 for ~$23M; headcount removed not disclosed; $174M pre-tax impairment charge recorded
2015-12-31divestiture_reductionannounced2015-10-08China / Southeast AsiaIndustrial Packaging — corrugated box businessItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company announced it was pursuing strategic options and signed a non-binding letter of intent with a prospective buyer; headcount and completion not disclosed in this filing
2015-12-31restructuringcompleted692015-01-012015-12-31GlobalCorporateUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance expense of $5 million related to 69 employees in corporate restructuring.
2015-12-31plant_closurecompleted2015-01-012015-12-31North AmericaConsumer PackagingUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Riegelwood mill conversion costs included $5 million of severance charges.
2015-12-31restructuringin_progress69restructuring_footnote
f5-10k / no-ai-xblr
2015-09-30restructuringin_progressTimber monetizationUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Timber monetization restructuring charges of $17 million recorded in Q3 2015. Employee count not disclosed.
2015-09-30restructuringin_progressUnited StatesConsumer PackagingUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Carolina Coated Bristols brand and Riegelwood mill conversion costs of $7 million recorded in Q3 2015. Employee count not disclosed.
2015-09-30plant_closurecompletedUnited StatesPrinting PapersMD&A
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill closure costs were recognized in prior periods (2014). No new charges or employee counts disclosed for Q3 2015.
2015-06-30restructuringcompletedUnited StatesPrinting PapersUSD 36 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill shutdown costs including $7 million site closure and $6 million severance charges recognized in Q2 2015.
2015-06-30restructuringcompletedUnited StatesConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with Coated Paperboard sheet plant closures.
2015-03-31restructuringcompletedUnited StatesPrinting PapersUSD 495 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill shutdown costs including accelerated depreciation, site closure, and severance. Employee count not disclosed.
2014-12-31plant_closurein_progressUnited States (Alabama)Printing PapersUSD 554 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Courtland mill shutdown; $554M pre-tax ($338M after-tax) FY2014 charge including $464M accelerated depreciation, $24M inventory impairment, $26M severance, $40M other. Shutdown was announced in 2013 (prior-year charge of $118M); no announcement date stated in this filing. Courtland-specific employee count not separately disclosed.
2014-12-31restructuringin_progress957United StatesCorporate and operating segmentsUSD 41 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2014 severance and other costs for approximately 957 employees included in the $846M of 2014 restructuring and other charges (severance additions $41M; $29M paid in 2014; $12M balance at year-end). 788 employees had left the Company under these programs as of 2014-12-31. Consolidated program total; includes Courtland severance ($26M) and $15M severance for other items.
2014-12-31divestiture_reductioncompleted2014-07-01United StatesDistribution (xpedx)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spinoff of the xpedx distribution business completed 2014-07-01 (merged into Veritiv); 8,160,000 Veritiv shares distributed and $411M received. Headcount removed through the spin-off not disclosed.
2014-12-31restructuringcompleted9572014-01-012014-12-31GlobalVariousUSD 41 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance and other costs for approximately 957 employees. 788 employees had left the Company as of Dec 31, 2014. Includes Courtland mill shutdown and other items.
2014-12-31divestiture_reductioncompleted2014-07-012014-07-01United StatesDistribution (xpedx)USD 16 (millions)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Spinoff of xpedx distribution business on July 1, 2014. Employee count not explicitly disclosed in footnote, but business removed from consolidated operations.
2014-12-31restructuringin_progressTwo Thousand And Fourteen Organizational Restructuring Charges [Member] / Employee Severance And Other Cost [Member]USD 41,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progress788Two Thousand And Fourteen Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progress1,384Two Thousand And Thirteen Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progress300Two Thousand And Twelve Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2014-09-30plant_closurein_progressUnited StatesPrinting Papers — Courtland, Alabama millUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2014 charge of $3M pre-tax ($2M after tax) for severance; part of a multi-quarter shutdown totaling $547M YTD. No employee count disclosed.
2014-09-30restructuringin_progressEurope, Middle East and AfricaIndustrial Packaging — EMEA packaging businessUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2014 charge of $5M pre-tax ($3M after tax) for EMEA packaging restructuring; no employee count disclosed.
2014-09-30divestiture_reductioncompleted2014-07-012014-07-01United StatesDistribution (xpedx) — spun off to form Veritiv Corporationother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Spinoff of xpedx completed July 1, 2014; all xpedx results reclassified to discontinued operations. No headcount figure disclosed.
2014-09-30otherin_progressUnited StatesIndustrial Packaging — multi-employer pension plan withdrawalUSD 35 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2014 charge of $35M for multi-employer pension plan withdrawal liability; implies workforce exit from a multi-employer plan but no employee count disclosed.
2014-09-30plant_closurein_progress2014-03-31Alabama, USAPrinting PapersUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill shutdown. Q3 2014 charges include $2 million severance. Total YTD charges include accelerated depreciation, site closure, and severance.
2014-09-30restructuringin_progress2014-09-30EMEAIndustrial PackagingUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
EMEA packaging restructuring charges recorded in Q3 2014.
2014-09-30divestiture_reductioncompleted2014-07-012014-07-01GlobalDistributiondiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Spinoff of xpedx distribution business completed July 1, 2014. Headcount removed from consolidated workforce.
2014-06-30plant_closurein_progressCourtland, Alabama, United StatesPrinting PapersUSD 544 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Courtland mill shutdown; $544M in charges for six months ended June 30, 2014 ($495M Q1, $49M Q2), including ~$466M accelerated depreciation, site closure and severance costs. No employee count disclosed.
2014-06-30divestiture_reductioncompleted2014-07-01United StatesDistribution (xpedx)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Spinoff of xpedx distribution business completed July 1, 2014, merged with Unisource to form Veritiv; 8,160,000 Veritiv shares distributed. No employee count disclosed.
2014-06-30plant_closurein_progressAlabama, USAPrinting PapersUSD 49 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill shutdown costs for Q2 2014 include $36M accelerated depreciation, $7M site closure, and $6M severance. Employee count not disclosed.
2014-06-30restructuringin_progressGlobalDistributionUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx transaction costs for Q2 2014. Employee count not disclosed.
2014-06-30plant_closurecompletedAlabama, USAPrinting PapersUSD 495 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Courtland mill shutdown costs for Q1 2014 include $430M accelerated depreciation, $30M site closure, $15M severance, and $20M other. Employee count not disclosed.
2014-06-30restructuringcompletedGlobalDistributionUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring ($2M) and transaction costs ($16M) for Q1 2014. Employee count not disclosed.
2014-06-30divestiture_reductioncompleted2014-07-012014-07-01GlobalDistributionsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Spinoff of xpedx business completed July 1, 2014. Employee count not disclosed.
2014-03-31plant_closurecompleted2014-03-31United States (Courtland, Alabama)Printing PapersUSD 495 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Courtland mill shutdown; $495M pre-tax charge ($302M after-tax) including ~$430M accelerated depreciation, $30M site closure costs, $15M severance charges, and $20M other non-cash charges. Shutdown completed during Q1 2014. No employee count disclosed.
2014-03-31divestiture_reductionannounced2014-01-28United StatesDistribution (xpedx)USD 16 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
xpedx to merge with Unisource Worldwide via Reverse Morris Trust; IP shareholders to receive SpinCo shares plus a $400M special payment. Q1 charges: $16M transaction costs and $2M restructuring. No employee count disclosed.
2014-03-31plant_closurecompletedAlabama, United StatesPrinting PapersUSD 495 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Courtland mill. Charges include $430M accelerated depreciation, $30M site closure, $15M severance, and $20M other non-cash charges. Employee count not disclosed.
2014-03-31restructuringin_progressDistributionUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring charges. Employee count not disclosed.
2014-03-31otherannounced2014-01-28DistributionUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced merger of xpedx with Unisource Worldwide via Reverse Morris Trust. Includes $16M transaction costs. Employee count not disclosed.
2013-12-31restructuringin_progress1,686United StatesPrinting Papers; Consumer Packaging; Distribution; CorporateUSD 63 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidated 2013 program: approximately 1,686 employees covered by severance and other costs; $63M of the $210M pre-tax restructuring and other charges. Components disclosed without separate headcounts: Courtland, Alabama mill shutdown ($118M, includes $42M severance and $73M accelerated depreciation), Augusta, Georgia paper machine shutdown ($45M, includes $2M severance), xpedx restructuring ($32M, includes $17M severance), early debt extinguishment ($25M), xpedx spin-off transaction costs ($22M), box plant closures (-$13M), Guaranty Bank insurance reimbursements (-$30M), other ($11M). 624 employees had separated under these programs as of 2013-12-31; $42M severance balance remained accrued. Courtland net book value of approximately $470M remained under evaluation into Q1 2014.
2013-12-31divestiture_reductioncompleted2012-12-122013-07-19United StatesTemple-Inland Building Products (discontinued operations)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Temple-Inland Building Products division, ultimately 15 manufacturing facilities, to Georgia-Pacific Building Products for approximately $733M cash, closed 2013-07-19. Headcount associated with the divested facilities not disclosed.
2013-12-31acquisition_additioncompleted2013-01-032013-01-03TurkeyIndustrial Packagingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Sabanci Holding's 43.7% stake in Olmuksan International Paper for $56M, raising IP's ownership to 87.4% and triggering consolidation from 2013-01-01. Headcount added not disclosed; Olmuksan and Orsa IP together represent approximately 2% of total net sales and 2% of total assets.
2013-12-31acquisition_additioncompleted2013-01-142013-01-14BrazilIndustrial Packagingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Formation of Orsa International Paper Embalagens S.A. with Jari (Grupo Orsa); IP holds 75%, investment value approximately $471M, comprising three containerboard mills and four box plants. Headcount added not disclosed.
2013-12-31divestiture_reductionannounced2014-01-282014-06-30North America (United States and Mexico)Distribution (xpedx)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-year-end announcement of a Reverse Morris Trust spin-off of xpedx (SpinCo) and merger with Unisource; IP shareholders to own approximately 51% and Unisource's sole shareholder approximately 49% on a fully diluted basis. Expected completion mid-2014. Headcount affected not disclosed; a $400M special payment to IP is expected to be financed with new SpinCo debt.
2013-12-31restructuringcompleted1,6862013-01-012013-12-31GlobalVariousUSD 63 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Total severance and other costs for approximately 1,686 employees included in 2013 restructuring charges. Includes shutdown of Courtland mill, Augusta paper machine, and xpedx restructuring.
2013-12-31plant_closurecompleted2013-01-012013-12-31Alabama, USAPrinting PapersUSD 118 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Courtland, Alabama mill. Pre-tax charge of $118 million ($72 million after taxes). Includes $42 million in severance charges.
2013-12-31plant_closurecompleted2013-01-012013-12-31Georgia, USAConsumer PackagingUSD 45 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Permanent shutdown of a paper machine at Augusta, Georgia mill. Pre-tax charge of $45 million ($28 million after taxes). Includes $2 million in severance charges.
2013-12-31restructuringcompleted2013-01-012013-12-31USADistributionUSD 32 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring costs related to xpedx business. Pre-tax charge of $32 million ($19 million after taxes). Includes $17 million of severance charges.
2013-12-31divestiture_reductioncompleted2013-07-192013-07-19USABuilding Products (Discontinued)USD 19 (millions)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Temple-Inland Building Products business finalized July 19, 2013. After-tax expenses of $19 million associated with divestiture.
2013-12-31restructuringin_progressTwo Thousand And Thirteen Organizational Restructuring Charges [Member] / Employee Severance And Other Cost [Member]USD 63,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progress680Two Thousand And Twelve Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progress624Two Thousand And Thirteen Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progress629Two Thousand And Eleven Organizational Restructuring Charges [Member]restructuring_footnote
f5-10k / no-ai-xblr
2013-09-30plant_closurein_progress2013-07-012014-12-31United StatesPrinting Papers — Courtland, Alabama millUSD 51 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Courtland mill shutdown announced in Q3 2013. Total expected pre-tax charges of ~$550M noncash asset write-offs and ~$125M cash severance across 2013–2014. No employee count disclosed.
2013-09-30divestiture_reductioncompleted2013-07-192013-07-19United StatesTemple-Inland Building Products (15 manufacturing facilities)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Temple-Inland Building Products division to Georgia-Pacific for ~$733M completed July 19, 2013. No employee count disclosed.
2013-09-30restructuringin_progressUnited StatesDistribution — xpedx operationsUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing xpedx restructuring with $6M charge in Q3 2013 and $30M YTD. Also $11M in xpedx transaction costs in Q3 related to proposed combination with Unisource. No employee count disclosed.
2013-09-30plant_closurecompleted2013-01-012013-03-31United StatesConsumer Packaging — Augusta, Georgia paper machineUSD 44 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of a paper machine at Augusta, GA mill recorded in Q1 2013; reduced capacity by ~35,000 tons. Charge of $45M for nine months ended Sept 30, 2013 per segment footnote. No employee count disclosed.
2013-09-30acquisition_additioncompleted2013-01-032013-01-03TurkeyIndustrial Packaging — Olmuksan International Paperbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 43.7% stake in Olmuksan for $56M, bringing ownership to 87.4% and triggering consolidation. No employee count disclosed.
2013-09-30acquisition_additioncompleted2013-01-142013-01-14BrazilIndustrial Packaging — Orsa IP (75% stake)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Formation of Orsa IP joint venture with Jari; IP holds 75% stake valued at ~$471M. Includes three containerboard mills and four box plants. No employee count disclosed.
2013-09-30plant_closureannounced2013-09-30Alabama, United StatesPrinting PapersUSD 51 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced shutdown of Courtland mill. Pre-tax charge of $51 million recorded in Q3 2013. Total estimated pre-tax charges include ~$550 million noncash write-offs and ~$125 million cash severance/shutdown costs to be recorded in 2013 and 2014.
2013-09-30restructuringin_progressDistributionUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring charges of $6 million recorded in Q3 2013.
2013-09-30restructuringin_progressDistributionUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx transaction costs of $11 million recorded in Q3 2013.
2013-09-30plant_closurecompletedGeorgia, United StatesConsumer PackagingUSD 44 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of a paper machine at Augusta mill. Charge of $44 million recorded in Q1 2013 (YTD).
2013-09-30restructuringin_progressDistributionUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring charges of $17 million recorded in Q2 2013 (YTD).
2013-09-30restructuringin_progressDistributionUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring charges of $7 million recorded in Q1 2013 (YTD).
2013-06-30plant_closurecompleted2013-03-312013-06-30United StatesConsumer Packaging — Augusta, Georgia millUSD 44 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of a paper machine at Augusta, GA; $44M pre-tax charge recorded in Q1 2013, $1M additional in Q2 2013. Reduced capacity ~35,000 tons in Q2 and 13,000 tons in Q1. No employee count disclosed.
2013-06-30restructuringin_progressUnited StatesDistribution — xpedx operationsUSD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
xpedx restructuring charges of $17M pre-tax in Q2 2013 and $7M in Q1 2013 ($24M YTD). No employee count or announcement date disclosed.
2013-06-30acquisition_additioncompleted2013-01-032013-01-03TurkeyIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of remaining 43.7% of Olmuksan (Turkish corrugated packaging) for $56M, bringing ownership to 87.4%. Consolidated from Jan 1, 2013. No headcount disclosed.
2013-06-30acquisition_additioncompleted2013-01-142013-01-14BrazilIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Formation of Orsa IP joint venture (75% stake, ~$465M investment) including three containerboard mills and four box plants. Consolidated from Jan 14, 2013. No headcount disclosed.
2013-06-30divestiture_reductioncompleted2013-07-192013-07-19United StatesTemple-Inland Building Products division (15 manufacturing facilities)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Temple-Inland Building Products to Georgia-Pacific for $710M cash, finalized July 19, 2013 (subsequent event). No headcount disclosed.
2013-06-30restructuringin_progressDistributionUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring costs for the three months ended June 30, 2013. Employee count not disclosed.
2013-06-30restructuringin_progressDistributionUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring costs for the three months ended March 31, 2013. Employee count not disclosed.
2013-06-30plant_closurecompletedUnited StatesConsumer PackagingUSD 44 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Augusta paper machine shutdown costs for the three months ended March 31, 2013. Employee count not disclosed.
2013-03-31plant_closurein_progressAugusta, Georgia, United StatesConsumer PackagingUSD 44 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of a paper machine at the Augusta, Georgia mill; reduced capacity by approximately 13,000 tons in Q1 2013. No employee count disclosed.
2013-03-31restructuringin_progressUnited StatesDistribution (xpedx)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
xpedx restructuring charges of $7M before tax ($4M after tax) in Q1 2013. No employee count disclosed.
2013-03-31acquisition_additioncompleted2013-01-032013-01-03TurkeyIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired 43.7% stake in Olmuksan International Paper for $56M, bringing ownership to 87.4% and triggering consolidation. No headcount disclosed.
2013-03-31acquisition_additioncompleted2013-01-142013-01-14BrazilIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Formed Orsa IP joint venture with 75% stake, including three containerboard mills and four box plants; investment approximately $470M. No headcount disclosed.
2013-03-31otherannounced2013-04-22United StatesDistribution (xpedx)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced talks with Unisource for a Reverse Morris Trust combination of xpedx; non-binding LOI signed April 19, 2013. No employee count disclosed.
2013-03-31restructuringin_progressUnited StatesConsumer PackagingUSD 44 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges associated with the permanent shutdown of a paper machine at the Augusta, Georgia mill. Employee count not disclosed.
2013-03-31restructuringin_progressDistributionUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges associated with the restructuring of the Company's xpedx operations. Employee count not disclosed.
2012-12-31acquisition_additioncompleted2012-02-132012-02-13United StatesIndustrial PackagingUSD 164 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Temple-Inland acquired for approximately $3.7 billion plus assumed debt; headcount added not disclosed. Related pre-tax integration costs of $164 million recorded in 2012 selling and administrative expenses. Temple-Inland represented approximately 19% of 2012 net sales and 25% of total assets.
2012-12-31divestiture_reductioncompleted2012-07-022012-07-02United StatesIndustrial PackagingUSD 29 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
DOJ-required divestiture of three containerboard mills (Ontario and Oxnard/Hueneme, California to New-Indy; New Johnsonville, Tennessee to Hood Container), approximately 970,000 tons of capacity. Pre-tax charges of $29 million ($55 million after taxes) for divestiture costs, plus a separate $62 million pre-tax charge to write the Hueneme mill to fair value. Employees affected not disclosed.
2012-12-31divestiture_reductioncompleted2011-08-222012-01-31United States; internationalConsumer Packagingdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
U.S. Shorewood business sold December 31, 2011; the remainder of the business was sold during January 2012 (exact closing date not disclosed). Employees affected not disclosed.
2012-12-31restructuringin_progress8112012-01-012012-12-31United States; EuropeDistribution (xpedx); Industrial Packaging (EMEA)USD 109 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidated 2012 restructuring and other charges of $109 million pre-tax ($74 million after taxes), comprising $48 million early debt extinguishment, $44 million xpedx restructuring and $17 million EMEA packaging restructuring. Approximately 811 employees were covered by the 2012 severance programs (severance portion of charges was $31 million); 432 had left the Company by December 31, 2012, with a $16 million severance balance remaining. Employee counts are not broken out by component.
2012-12-31divestiture_reductionannounced2012-12-12United StatesBuilding Products (discontinued operations)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell the Temple-Inland Building Products business (16 manufacturing facilities) to Georgia-Pacific for $750 million cash, subject to DOJ review; purchase price later adjusted to $710 million after the February 13, 2013 agreement to sell the Del-Tin interest. Employees affected not disclosed.
2012-12-31plant_closureannouncedUnited StatesConsumer PackagingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of a coated paperboard machine at the Augusta mill (140,000 tons annual capacity) announced in January 2013, after fiscal year-end; exact announcement date not disclosed. Employees affected not disclosed.
2012-12-31acquisition_additioncompleted2013-01-032013-01-03TurkeyIndustrial PackagingUSD 56 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Sabanci Holding's 43.7% interest in Olmuksa (effective January 1, 2013), bringing ownership to 87.4%; purchase price $56 million. Headcount added not disclosed.
2012-12-31acquisition_additioncompleted2013-01-142013-01-14BrazilIndustrial PackagingUSD 470 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Formation of Orsa International Paper Embalagens S.A. (75% held by International Paper), comprising three containerboard mills and four box plants; investment value approximately $470 million. Headcount added not disclosed.
2012-12-31restructuringcompleted8112012-01-012012-12-31GlobalCorporate, Industrial Packaging, DistributionUSD 31 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance and other costs for approximately 811 employees included in 2012 restructuring charges. Includes xpedx restructuring and EMEA packaging restructuring.
2012-12-31acquisition_additioncompleted2012-02-132012-02-13United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Temple-Inland, Inc. completed on February 13, 2012. Headcount added not explicitly disclosed in total, but integration costs and synergies noted.
2012-12-31restructuringin_progressTwo Thousand And Twelve Activity [Member] / Employee Severance And Other Cost [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-09-30restructuringin_progressUnited StatesDistribution (xpedx)USD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2012 pre-tax charge of $8M ($4M after-tax) for xpedx restructuring; ongoing multi-quarter program with charges in each quarter of 2012. No employee count disclosed.
2012-09-30restructuringin_progressEurope, Middle East and AfricaIndustrial Packaging (EMEA)USD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2012 pre-tax charge of $16M ($11M after-tax) for EMEA packaging restructuring. No employee count disclosed.
2012-09-30acquisition_additioncompleted2012-02-132012-02-13United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Temple-Inland acquisition completed 2012-02-13 for ~$3.7B cash plus ~$700M assumed debt. No headcount added disclosed.
2012-09-30divestiture_reductioncompleted2012-07-022012-07-02United States (Ontario CA, Oxnard/Hueneme CA, New Johnsonville TN)Industrial Packaging (containerboard)USD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Three containerboard mills divested to satisfy DOJ Final Judgment conditions for Temple-Inland acquisition. Q3 2012 pre-tax charge of $19M ($49M after-tax) for additional divestiture costs. No employee count disclosed.
2012-09-30plant_closurecompleted2012-06-302012-07-02United States (Oxnard/Hueneme, California)Industrial Packaging (containerboard)USD 62 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2012 pre-tax charge of $62M ($38M after-tax) to write down Hueneme mill long-lived assets to fair value in anticipation of divestiture. No employee count disclosed.
2012-09-30divestiture_reductioncompleted2012-01-312012-01-31International (non-U.S.)Consumer Packaging (Shorewood)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Shorewood non-U.S. business completed January 2012. No employee count disclosed.
2012-09-30otherannounced2012-10-242013-03-31BrazilIndustrial Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to form JV with Jari Celulose (Grupo Orsa) for industrial packaging assets; IP to hold 75% stake with ~$470M investment. Expected close Q1 2013. No headcount disclosed.
2012-09-30acquisition_additionannounced2012-09-302013-03-31TurkeyIndustrial Packaging (Olmuksa)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to purchase Sabanci's stake in Olmuksa for ~$56M; will trigger mandatory tender for remaining public shares. Expected close Q1 2013. No headcount disclosed.
2012-09-30restructuringin_progressEMEAPackagingUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
EMEA packaging restructuring charges recorded in Q3 2012.
2012-09-30restructuringin_progressUnited StatesDistributionUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
xpedx restructuring charges recorded in Q3 2012.
2012-09-30plant_closurecompleted2012-07-02United StatesIndustrial PackagingUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Divestiture of Ontario and Oxnard (Hueneme), California containerboard mills and New Johnsonville, Tennessee containerboard mill finalized July 2, 2012. Pre-tax charge of $19 million recorded in Q3 2012 for additional costs.
2012-09-30restructuringin_progressXpedx [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-06-30restructuringin_progressUnited StatesDistribution (xpedx)USD 29 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing xpedx restructuring: pre-tax charges of $19M in Q1 2012 and $10M in Q2 2012 ($29M YTD; $20M after taxes). Distribution segment impact was reported as $12M for Q2 and $33M YTD. No employee counts, announcement date, or completion date disclosed.
2012-06-30acquisition_additioncompleted2012-02-13United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Temple-Inland acquisition completed February 13, 2012 for approximately $3.7B cash plus roughly $700M assumed debt; purchase price allocation discloses no headcount added. Original announcement date not stated in this filing; date shown is the completion date.
2012-06-30divestiture_reductioncompleted2012-07-02United States (California and Tennessee)Industrial Packaging (containerboard)USD 71 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DOJ-required divestiture of the Ontario and Oxnard (Hueneme), CA and New Johnsonville, TN containerboard mills (~970,000 tons capacity); sales finalized July 2, 2012, after quarter end. Q2 2012 pre-tax charge of $71M comprises a $62M long-lived asset fair-value adjustment plus $9M of divestiture costs. No headcount disclosed; assets of $470M classified as held for sale at June 30, 2012.
2012-06-30divestiture_reductionannounced2012-02-13United StatesBuilding Productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Upon closing the Temple-Inland acquisition, management committed to sell the Temple-Inland Building Products business and was still marketing it at June 30, 2012; results reported in discontinued operations with $608M assets and $58M liabilities held for sale. No headcount or expected closing date disclosed.
2012-06-30divestiture_reductioncompleted2011-08-222012-01United States and internationalConsumer Packaging (Shorewood)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale to Atlas Holdings announced August 22, 2011; US portion closed December 31, 2011 and the non-US business closed January 2012. Q2 2012 recorded a $6M pre-tax charge and Q1 2012 a $7M pre-tax gain adjusting the estimated loss on sale (sale-price adjustments, not severance). No headcount disclosed.
2012-06-30restructuringin_progressDistribution (xpedx)USD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $10 million recorded in Q2 2012 for xpedx restructuring costs. Employee count not disclosed.
2012-06-30restructuringin_progressCorporateUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $10 million recorded in Q2 2012 for early debt extinguishment costs. Employee count not disclosed.
2012-06-30restructuringin_progressDistribution (xpedx)USD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $19 million recorded in Q1 2012 for xpedx restructuring costs. Employee count not disclosed.
2012-06-30restructuringin_progressCorporateUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $16 million recorded in Q1 2012 for early debt extinguishment costs. Employee count not disclosed.
2012-06-30restructuringin_progressXpedx [Member]USD 33,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-03-31acquisition_additioncompleted2012-02-132012-02-13United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Temple-Inland acquisition closed 2012-02-13; no headcount added disclosed. Integration costs of $43M pre-tax recorded in Q1.
2012-03-31restructuringin_progressUnited StatesDistribution (xpedx)USD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
xpedx restructuring charge of $19M pre-tax ($14M after tax) in Q1 2012; no employee count disclosed.
2012-03-31divestiture_reductionin_progress2012-02-132012-06-11United StatesIndustrial Packagingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DOJ consent decree requires divestiture of three containerboard mills (Oxnard CA, Ontario CA, New Johnsonville TN) by 2012-06-11 with possible two 30-day extensions; long-lived assets of $187M classified as held for sale. No headcount disclosed.
2012-03-31restructuringin_progress2012-03-31Distribution (xpedx)USD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $19 million for restructuring costs related to the Company's xpedx business. Employee count not disclosed.
2012-03-31acquisition_additioncompleted2012-02-13Industrial Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Temple-Inland Inc. completed on February 13, 2012. Headcount added not explicitly disclosed.
2012-03-31divestiture_reductioncompleted2011-08-222012-01-31Non-U.S.Consumer Packaging (Shorewood)discontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of the remainder of the Shorewood business (non-U.S. portion) completed in January 2012. Headcount removed not explicitly disclosed.
2012-03-31restructuringin_progressXpedx [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-12-31restructuringin_progress6292011-01-01United StatesDistribution (xpedx) and corporateUSD 102 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2011 restructuring and other charges of $102M pre-tax ($66M after tax), including $25M of severance for approximately 629 employees; 454 had left the Company under these programs as of 2011-12-31. Components include $49M xpedx restructuring, $32M early debt extinguishment, $20M Temple-Inland merger agreement costs, $18M APPM acquisition costs, and a $24M Franklin mill credit.
2011-12-31acquisition_additioncompleted2011-10-142011-10-14IndiaPrinting PapersUSD 18 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of a 75% interest in Andhra Pradesh Paper Mills Limited (two mills, combined capacity about 250,000 tonnes of uncoated freesheet annually). Headcount added not disclosed; $18M pre-tax acquisition-related charge recorded in 2011 restructuring and other charges.
2011-12-31divestiture_reductioncompleted2011-08-222011-12-31United StatesConsumer Packaging (Shorewood)USD 207 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the U.S. portion of the Shorewood business to Atlas Holdings closed 2011-12-31; remainder sold January 2012. Net pre-tax charges of $207M (net gain of $47M after tax and noncontrolling interest) to reduce carrying value to fair market value. Headcount removed not disclosed; IP retained approximately 40% interest in the non-U.S. combined business.
2011-12-31acquisition_additioncompleted2012-02-132012-02-13United StatesIndustrial Packagingsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: acquisition of Temple-Inland completed 2012-02-13 at $32.00 per share plus approximately $700M of assumed debt, total transaction value approximately $4.5 billion. Headcount added not disclosed; purchase price allocation not yet completed.
2011-12-31plant_closureannounced2012-02-132012-06-30United StatesIndustrial Packagingsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
As a DOJ Antitrust Division condition of the Temple-Inland transaction, three containerboard mills with approximately 970,000 tons of aggregate capacity must be divested within four months of the 2012-02-13 closing, with possible two 30-day extensions. Associated workforce reductions not disclosed.
2011-12-31restructuringin_progress2011-01-01United StatesDistribution (xpedx)USD 52 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Distribution segment operating profits included $52M of 2011 reorganization costs for severance, professional services and asset write-downs. Overlaps with the $49M xpedx restructuring line in the restructuring footnote; headcount not separately disclosed.
2011-12-31restructuringcompleted6292011-01-012011-12-31GlobalVariousUSD 25 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance and other costs for approximately 629 employees included in 2011 restructuring charges. $25 million in severance charges.
2011-12-31restructuringcompleted1,6502010-01-012011-12-31GlobalVariousUSD 46 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance and other costs for approximately 1,650 employees included in 2010 restructuring charges. $46 million in severance charges. 1,618 employees had left by Dec 31, 2011.
2011-12-31restructuringin_progressRestructuring And Other Charges [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-09-30restructuringin_progressUnited StatesDistribution (xpedx)USD 35 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month cumulative pre-tax charge for xpedx operations reorganization; Q3 alone was $18M pre-tax ($13M after-tax). No employee counts or completion date disclosed.
2011-09-30restructuringin_progressUnited StatesCorporate / Selling & AdministrativeUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
S&A reduction initiative charge recorded in Q1 2011 ($3M pre-tax, $2M after-tax). No headcount impact disclosed.
2011-09-30divestiture_reductionannounced2011-08-222011-12-31United StatesConsumer Packaging (Shorewood)USD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Shorewood business to Atlas Holdings announced 2011-08-22, expected to complete by end of 2011; IP retains ~40% interest outside the U.S. A separate $82M pre-tax impairment (net $148M gain after $222M tax benefit and $8M NCI gain) reduced carrying value to fair value. No employee counts disclosed.
2011-09-30acquisition_additioncompleted2011-10-14IndiaPrinting PapersUSD 16 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter acquisition of 75% of Andhra Pradesh Paper Mills (53.5% purchase ~$226M plus $57M non-compete; 21.5% tender ~$105M). Two mills, ~250,000 tonnes annual capacity. No headcount added disclosed; $16M pre-tax acquisition-related charge in Q3 2011.
2011-09-30acquisition_additionannounced2011-09-06United StatesIndustrial PackagingUSD 8 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive merger agreement to acquire Temple-Inland at $32.00/share plus ~$600M assumed debt; ~$4.3B total. Expected to close Q4 2011 or Q1 2012, subject to shareholder and antitrust approval; committed financing secured. $8M pre-tax transaction costs in Q3 2011. No headcount disclosed.
2011-09-30restructuringin_progressxpedx (Distribution)USD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $18 million recorded in Q3 2011 for xpedx restructuring. Employee count not disclosed.
2011-09-30restructuringin_progressIndiaPrinting Papers (APPM Acquisition)USD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $16 million related to acquisition of APPM. Employee count not disclosed.
2011-09-30restructuringin_progress2011-09-06Industrial Packaging (Temple-Inland Merger)USD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $8 million for costs associated with signing agreement to acquire Temple-Inland. Employee count not disclosed.
2011-09-30restructuringin_progressConsumer Packaging (Shorewood)USD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $6 million for costs associated with sale of Shorewood business. Employee count not disclosed.
2011-09-30restructuringin_progressXpedx MemberUSD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-06-30restructuringin_progressUnited StatesDistribution (xpedx)USD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2011 pre-tax charge of $10M ($6M after tax) for xpedx restructuring; an additional $7M pre-tax charge was recorded in Q1 2011. No employee counts disclosed.
2011-06-30restructuringin_progressUnited StatesCorporate (S&A reduction initiative)USD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2011 pre-tax charge of $3M ($2M after tax) for the S&A reduction initiative. No employee counts or completion date disclosed.
2011-06-30restructuringin_progressNorth AmericaConsumer Packaging (Shorewood)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2011 charge of $2M related to reorganization of Shorewood operations ($3M for six months). No employee counts disclosed.
2011-06-30plant_closurein_progressUnited States (Franklin, Virginia)Printing PapersUSD -21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2011 recorded a $21M pre-tax gain ($13M after tax) from a change in estimate of Franklin mill closure costs, reflecting the decision to repurpose part of the mill for fluff pulp. Original closure charges of $111M (Q2 2010) and $204M (Q1 2010) included accelerated depreciation and environmental costs; no employee counts disclosed in any period.
2011-06-30acquisition_additionannounced2011-07-12United StatesCorporatesubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fully financed tender offer commenced for all outstanding shares of Temple-Inland Inc. at $30.60 per share in cash; no headcount impact disclosed.
2011-06-30acquisition_additionannounced2011-03-29IndiaPrinting Papersbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire approximately 53.5% of Andhra Pradesh Paper Mills Limited for ~$257M cash plus a $62M non-compete payment, with a planned tender offer for up to an additional 21.5%. Two mills with combined capacity ~250,000 tonnes; no headcount disclosed. Pending regulatory approval; SEBI dispute over non-compete payment noted as of 2011-08-03.
2011-06-30restructuringin_progressUnited StatesPrinting PapersUSD -21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Gain of $21 million pre-tax related to change in estimate of closure costs for Franklin, Virginia mill due to decision to repurpose portion of mill to produce fluff pulp.
2011-06-30restructuringin_progressDistributionUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $10 million pre-tax for restructuring costs related to xpedx business.
2011-06-30restructuringin_progressUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $1 million pre-tax for other items.
2011-06-30restructuringin_progressUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $32 million pre-tax for early debt extinguishment costs recorded in Q1 2011.
2011-06-30restructuringin_progressDistributionUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $7 million pre-tax for restructuring costs related to xpedx business recorded in Q1 2011.
2011-06-30restructuringin_progressUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $3 million pre-tax for S&A reduction initiative recorded in Q1 2011.
2011-06-30restructuringin_progressUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge of $3 million pre-tax for other items recorded in Q1 2011.
2011-06-30restructuringin_progressXpedx [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-03-31restructuringin_progressUnited StatesDistribution (xpedx)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $7M ($4M after taxes) for xpedx restructuring; no employee count disclosed.
2011-03-31restructuringin_progressUnited StatesCorporate / Selling & AdministrativeUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $3M ($2M after taxes) for S&A reduction initiative; no employee count disclosed.
2011-03-31plant_closureannounced2011-05-06United States — Vicksburg, MississippiIndustrial Packaging (containerboard)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Temporary shutdown of containerboard mill beginning May 8, 2011 due to anticipated flooding; announced after quarter end.
2011-03-31restructuringcompletedxpedxUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring costs related to the Company's xpedx business. Employee count not disclosed.
2011-03-31restructuringcompletedCorporateUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with the Company's S&A reduction initiative. Employee count not disclosed.
2011-03-31plant_closureannounced2011-05-06Vicksburg, MississippiIndustrial Packagingsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Temporary shutdown of containerboard mill announced May 6, 2011, beginning May 8, 2011, due to flooding risks. Employee count and financial impact not disclosed.
2011-03-31restructuringin_progressUSD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-03-31restructuringin_progressShorewood Operations [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-12-31plant_closurecompleted2010-04-30United States (Franklin, Virginia)Printing PapersUSD 315 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of the Franklin, Virginia mill in April 2010; charge includes $236M accelerated depreciation, $36M environmental closure costs, $30M severance and $13M other. Aggregate 2010 restructuring severance covered approximately 1,650 employees across all programs, of whom 1,388 had separated as of 2010-12-31; a program-level employee count is not disclosed.
2010-12-31plant_closureannouncedUnited States (Bellevue, Washington)Industrial PackagingUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure costs recorded in Q4 2010, including $3M land write-down, $2M accelerated depreciation and $2M severance. Item 1 also lists this among facilities whose shutdown was announced during 2010.
2010-12-31plant_closureannouncedUnited States (Spartanburg, South Carolina)Industrial PackagingUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure costs recorded in Q4 2010, including $1M accelerated depreciation, $2M severance and $2M other charges.
2010-12-31plant_closurecompleted2009-11-30France (Etienne)Industrial PackagingUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mill closed November 2009; $3M of severance and other costs recorded in the current fiscal year 2010. Prior-year closure and impairment charges are excluded.
2010-12-31restructuringin_progressUnited StatesConsumer Packaging (Shorewood Packaging operations)USD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reorganization of Shorewood Packaging operations; charge includes $3M accelerated depreciation, $1M severance and $4M other.
2010-12-31restructuringin_progressUnited StatesCorporate (selling & administrative reduction initiative)USD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance and benefit costs for the S&A reduction initiative recorded in 2010.
2010-12-31plant_closurein_progressAsiaIndustrial Packaging (box plants)USD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance and other costs for the closure of three box plants in Asia; $2M severance and $1M other charges.
2010-12-31plant_closureannouncedUnited States (Jonesboro, Arkansas; Newport News, Virginia)Distribution / converting facilitiesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Item 1 states that during 2010 the Company announced shutdowns at facilities in Jonesboro, Arkansas; Newport News, Virginia; Spartanburg, North Carolina; and Bellevue, Washington, with effects bargained where applicable. Only the Jonesboro and Newport News facilities are captured here; the Bellevue, Washington and Spartanburg container-facility closures are captured separately from the restructuring footnote to avoid double counting. No charge or headcount is disclosed for these two sites.
2010-12-31acquisition_additioncompleted2010-06-302010-06-30Asia (China, Singapore, Malaysia, Indonesia)Industrial PackagingUSD 205 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of SCA Packaging Asia (13 corrugated box plants and two specialty packaging facilities) for a preliminary purchase price of $205M ($171M cash plus $34M assumed debt). Headcount added is not disclosed; the acquired business represented approximately 1% of net sales and 1% of total assets and was excluded from the internal control over financial reporting assessment.
2010-12-31restructuringcompleted1,6502010-01-012010-12-31GlobalVariousUSD 46 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges for approximately 1,650 employees included in 2010 restructuring charges. As of Dec 31, 2010, 1,388 employees had left.
2010-12-31plant_closurecompleted2010-04-012010-12-31United StatesPrinting PapersUSD 315 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Permanent shutdown of Franklin, Virginia mill. Charge includes closure costs.
2010-12-31plant_closurecompleted2010-01-012010-12-31United StatesIndustrial PackagingUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Bellevue, Washington container facility.
2010-12-31plant_closurecompleted2010-01-012010-12-31United StatesIndustrial PackagingUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Spartanburg, South Carolina container facility.
2010-12-31acquisition_additioncompleted2010-06-302010-06-30AsiaIndustrial Packagingbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of SCA Packaging Asia. Headcount not explicitly disclosed in note.
2010-09-30plant_closurein_progress2010-01-01United States — Franklin, VirginiaPrinting Papers / Consumer PackagingUSD 315 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure costs recorded across Q1 ($204M) and Q2 ($111M) 2010, including accelerated depreciation and environmental closure costs. No employee count disclosed. Q3 charges immaterial.
2010-09-30restructuringin_progress2010-04-01United StatesCorporate / Selling & AdministrativeUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
S&A reduction initiative charge recorded in Q2 2010. No employee count or completion date disclosed.
2010-09-30restructuringin_progress2010-01-01International — Shorewood operationsConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging reorganization charge recorded in Q1 2010. No employee count disclosed.
2010-09-30acquisition_additioncompleted2010-06-302010-06-30Asia — China, Singapore, Malaysia, IndonesiaIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
SCA Packaging Asia acquired for $206M preliminary purchase price; 13 corrugated box plants and 2 specialty packaging facilities. No headcount disclosed.
2010-09-30plant_closurecompletedFranklin, VirginiaPrinting PapersUSD 111 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure costs recorded in Q2 2010 (June 30) including accelerated depreciation and environmental closure costs. No employee count disclosed.
2010-09-30restructuringcompletedUnited StatesCorporate / S&AUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
S&A reduction initiative costs recorded in Q2 2010. No employee count disclosed.
2010-09-30plant_closurecompletedFranklin, VirginiaPrinting PapersUSD 204 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure costs recorded in Q1 2010 (March 31) including accelerated depreciation. No employee count disclosed.
2010-09-30restructuringcompletedUnited StatesConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shorewood Packaging reorganization costs recorded in Q1 2010. No employee count disclosed.
2010-09-30acquisition_additioncompleted2010-06-30Asia (China, Singapore, Malaysia, Indonesia)Industrial PackagingUSD 206 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of SCA Packaging Asia completed June 30, 2010. Includes 13 corrugated box plants and two specialty packaging facilities. No employee count disclosed.
2010-06-30plant_closurein_progressFranklin, Virginia, United StatesPrinting PapersUSD 315 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Before-tax closure costs for the paper mill and associated operations: $204M in Q1 2010 and $111M in Q2 2010. Includes $236M of accelerated depreciation ($190M Q1, $46M Q2) and $36M of environmental closure costs (Q2). No employee count, announcement date, or completion date disclosed.
2010-06-30plant_closurein_progressEtienne, FranceIndustrial PackagingUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional closure costs of $2M in Q1 2010 and $1M in Q2 2010. Prior-year 2009 charges ($48M asset write-down, $15M severance) relate to the same mill but fall outside the current reporting period. No employee count disclosed.
2010-06-30plant_closurein_progressJonesboro, Arkansas, United StatesIndustrial Packaging — North American box plantsUSD 4 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A states closure-related costs of about $4M in Q2 2010. No employee count or announcement date disclosed.
2010-06-30restructuringin_progressUnited StatesConsumer Packaging — Shorewood operationsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2010 charge of $4M for the Shorewood Packaging reorganization ($3M in Q1 per Note 5; segment footnote shows $1M in Q2). No employee count disclosed.
2010-06-30restructuringin_progressUnited StatesCorporate — Selling and administrativeUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2010 before-tax charge of $2M ($1M after tax) for the S&A reduction initiative. No employee count or completion date disclosed.
2010-06-30acquisition_additioncompleted2010-06-30Asia (China, Singapore, Malaysia, Indonesia)Industrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of SCA Packaging Asia completed 2010-06-30 for a preliminary purchase price of $206M ($172M cash plus $34M assumed debt). Assets comprise 13 corrugated box plants and two specialty packaging facilities. No headcount transferred disclosed.
2010-06-30plant_closurein_progressFranklin, VirginiaPrinting PapersUSD 111 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2010 charges include $46M accelerated depreciation and $36M environmental closure costs. Employee count not disclosed.
2010-06-30restructuringin_progressGlobalSelling and AdministrativeUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
S&A reduction initiative. Employee count not disclosed.
2010-06-30restructuringcompletedFranklin, VirginiaPrinting PapersUSD 204 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2010 charges include $190M accelerated depreciation. Employee count not disclosed.
2010-06-30restructuringin_progressShorewoodConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shorewood Packaging reorganization in Q1 2010. Employee count not disclosed.
2010-06-30acquisition_additioncompleted2010-06-30AsiaIndustrial PackagingUSD 206 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of SCA Packaging Asia for $206M. Includes 13 corrugated box plants and 2 specialty packaging facilities. Employee count not disclosed.
2010-03-31plant_closurein_progressFranklin, Virginia, United StatesPrinting PapersUSD 204 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax closure charge for the Franklin paper mill and associated operations, including $190 million of accelerated depreciation; $124 million after taxes. No employee count disclosed.
2010-03-31plant_closurein_progressUnited StatesIndustrial Packaging / Printing PapersUSD 3 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional closure costs recorded in Q1 2010 for the Pineville and Albany mill shutdowns executed in Q4 2009. No employee count disclosed.
2010-03-31plant_closurein_progressFranceIndustrial PackagingUSD 2 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional closure costs for the Etienne mill recorded in Q1 2010. No employee count disclosed.
2010-03-31restructuringin_progressUnited StatesConsumer Packaging (Shorewood Packaging)USD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge for reorganization of Shorewood Packaging operations ($2 million after taxes). No employee count disclosed.
2010-03-31restructuringin_progressNorth AmericaDistribution (xpedx)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A cites headcount reductions at xpedx distribution operations as a contributor to Q1 2010 results; no count, date, or charge disclosed.
2010-03-31acquisition_additionannounced2010-04-262010-06-30Asia (China, Singapore, Malaysia, Indonesia)Industrial Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to purchase SCA's Asia packaging business for $200 million cash (purchase price, not a workforce charge); 13 corrugated box plants and two specialty packaging facilities. Expected to close in Q2 2010 subject to Chinese regulatory approval. No headcount disclosed.
2010-03-31plant_closurecompletedFranklin, VirginiaPrinting PapersUSD 204 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure costs related to the paper mill and associated operations, including $190 million of accelerated depreciation. Employee count not disclosed.
2010-03-31restructuringcompletedShorewood PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with the reorganization of the Company's Shorewood Packaging operations. Employee count not disclosed.
2009-12-31restructuringin_progress3,1752009-01-01GlobalMultiple segments and corporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Aggregate 2009 program: severance and other costs for approximately 3,175 employees were included in 2009 restructuring charges; 1,833 employees had left the Company under these programs as of 2009-12-31. MD&A states total 2009 headcount reduction of 6,000 across five mill closures, 24 closed converting/distribution locations and overhead reductions, with expected annual savings of approximately $650 million. Total 2009 restructuring and other charges were $1,353 million pre-tax ($1.4 billion including all items); charge shown as null here to avoid double-counting the component records below.
2009-12-31plant_closurecompleted2009-01-012009-12-31United States — Albany, OregonIndustrial Packaging (containerboard mill)USD 469 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax closure charge of $469 million ($286 million after taxes), including $429 million of noncash accelerated depreciation; mill shut down at the end of the fourth quarter of 2009.
2009-12-31plant_closurein_progress2009-01-012010-12-31United States — Franklin, VirginiaPrinting Papers / Consumer Packaging (paper mill and associated operations)USD 290 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $290 million ($177 million after taxes) recorded in 2009, including $239 million of noncash accelerated depreciation; additional charges of approximately $320 million pre-tax expected in 2010 prior to final closure.
2009-12-31plant_closurecompleted2009-01-012009-12-31United States — Pineville, LouisianaIndustrial Packaging (containerboard mill)USD 102 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $102 million ($62 million after taxes), including $75 million of noncash accelerated depreciation; mill shut down at the end of the fourth quarter of 2009.
2009-12-31plant_closurecompleted2009-01-012009-12-31United States — Valliant, OklahomaIndustrial Packaging (permanent shutdown of a paper machine)USD 82 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $82 million ($50 million after taxes), including $78 million of noncash accelerated depreciation.
2009-12-31plant_closurecompleted2009-01-012009-11-30France — Etienne millIndustrial Packaging (European)USD 31 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax and after-tax charge of $31 million for severance and other costs; mill closed at the end of November 2009. A separate $48 million noncash write-down of the mill's long-lived assets to fair value was recorded in Q2 2009 and an $8 million charge in Q4 2009 (Net losses on sales and impairments of businesses).
2009-12-31plant_closurecompleted2009-01-012009-03-31United Kingdom — Inverurie, ScotlandPrinting Papers (mill)USD 23 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $23 million ($28 million after taxes) for closure costs; decision to close the mill was made in February 2009 and closure occurred by end of March 2009. A $107 million asset impairment for the mill was recorded in 2008.
2009-12-31plant_closurecompleted2009-01-012009-12-31United StatesDistribution, Consumer Packaging and Industrial Packaging (converting and distribution locations)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MD&A states the Company closed 24 converting or distribution locations during 2009; individual locations named in Item 1 include Vernon CA, Cedarburg WI, Kansas City KS, St. Paul MN, Chesapeake VA, Hartford City IN, Howell MI, Auburndale FL and Portland OR. No separate charge or employee count disclosed for these closures.
2009-12-31reduction_in_forcein_progress2008-01-012009-12-31GlobalCorporate overhead / salaried workforceUSD 148 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2009 charge of $148 million pre-tax ($92 million after taxes) for severance and benefit costs under the 2008 overhead cost reduction initiative, which targeted reducing the global salaried workforce by approximately 1,000 to 1,500 employees by the end of 2009; the filing states all employees under the 2008 initiative had been terminated by 2009-12-31. Actual 2009 headcount reduction from this initiative not separately quantified.
2009-12-31restructuringcompleted6,0002009-01-012009-12-31GlobalVariousUSD 333 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduction in headcount by 6,000 through mill closures, converting/distribution location closures, and overhead reduction program. Pre-tax charges of $333 million.
2009-12-31plant_closurecompleted2009-12-312009-12-31United StatesPrinting Papers / Industrial PackagingItem 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Franklin, Virginia; Pineville, Louisiana; and Albany, Oregon mills. Bargained effects of closing.
2009-12-31plant_closurecompleted2009-11-302009-11-30FranceIndustrial PackagingUSD 87 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of Etienne mill in November 2009. Costs of $87 million.
2009-12-31acquisition_additioncompleted2008-08-042008-08-04United StatesIndustrial PackagingMD&A
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Weyerhaeuser Company's Containerboard, Packaging and Recycling (CBPR) business. Headcount not explicitly quantified in HC section, but integration synergies and overhead reductions noted.
2009-09-30plant_closureannounced1,6002009-10-22United States (Franklin, Virginia; Pineville, Louisiana; Albany, Oregon; Valliant, Oklahoma)Paper and containerboard millsUSD 60 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced permanent shutdowns of the Franklin, VA paper mill, Pineville, LA and Albany, OR containerboard mills, and the idled No. 3 machine at Valliant, OK; reduces North American capacity by 2.1 million tons. Estimated noncash asset write-off and accelerated depreciation of approximately $1.1 billion plus additional closure costs to be determined, to be recorded in Q4 2009 and Q1 2010.
2009-09-30plant_closurein_progressFranceIndustrial PackagingUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Planned closure of the Etienne mill; nine-month 2009 severance and other costs of $22 million ($7 million in Q3, $15 million in Q2), plus a separate $48 million pre-tax and after-tax long-lived asset write-down recorded in Q2 2009. No employee count disclosed.
2009-09-30plant_closurecompletedScotland (United Kingdom)Printing PapersUSD 23 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of the Inverurie mill; $23 million pre-tax closure charge recorded in Q1 2009 ($28 million after taxes). MD&A indicates the mill closure was complete by Q3 2009. No employee count disclosed.
2009-09-30restructuringin_progressUnited StatesCorporate overheadUSD 39 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2008 overhead reduction program severance and benefits: $39 million pre-tax in Q3 2009, $34 million in Q2 2009, $52 million in Q1 2009. No employee counts disclosed in any quarter.
2009-09-30plant_closurein_progressUnited States (Franklin, Virginia)Forest Products / Printing PapersUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2009 closure costs for the Franklin, Virginia lumber mill, sheet converting plant and converting innovations center. Distinct from the October 2009 announced closure of the Franklin paper mill. No employee count disclosed.
2009-09-30restructuringin_progressCanada / United StatesConsumer Packaging (Shorewood Packaging)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization of Shorewood Packaging operations; $2 million pre-tax charge recorded in Q1 2009. No employee count disclosed.
2009-09-30restructuringin_progress2008-01-01GlobalOverhead / CorporateUSD 39 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and benefit costs associated with the 2008 overhead reduction program. Employee count not disclosed.
2009-09-30plant_closurein_progressFranceIndustrial PackagingUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and other costs related to the planned closure of the Etienne mill. Employee count not disclosed.
2009-09-30plant_closureannounced1,6002009-10-222010-03-31United StatesIndustrial Packaging / Printing PapersUSD 60 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Closure of Franklin, VA paper mill; Pineville, LA and Albany, OR containerboard mills; shutdown of No. 3 machine at Valliant, OK. Includes $1.1B noncash write-offs and $60M cash severance.
2009-06-30restructuringin_progress2008-01-01GlobalCorporate / OverheadUSD 86 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2008 overhead reduction program; $34M Q2 2009 and $52M Q1 2009 severance and benefit charges. No employee count disclosed.
2009-06-30plant_closurein_progress2009-04-01FranceIndustrial PackagingUSD 63 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Etienne mill closure: $15M severance plus $48M long-lived asset write-down in Q2 2009. No employee count disclosed.
2009-06-30plant_closurecompleted2009-01-01ScotlandPrinting PapersUSD 23 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Inverurie mill closure costs recorded in Q1 2009. No employee count disclosed.
2009-06-30plant_closurecompleted2009-01-01United StatesPrinting Papers / Consumer PackagingUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Franklin, Virginia lumber mill, sheet converting plant and converting innovations center closure costs in Q1 2009. No employee count disclosed.
2009-06-30restructuringin_progress2009-01-01Canada / GlobalConsumer Packaging (Shorewood)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging reorganization; $2M charge in Q1 2009 and $1M in Q2 2009. No employee count disclosed.
2009-06-30acquisition_additioncompleted2008-08-042008-08-04North AmericaIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Weyerhaeuser Containerboard, Packaging and Recycling business acquired Aug 4, 2008 for $6B; headcount added not disclosed.
2009-06-30restructuringin_progress2008-01-01GlobalOverhead reductionUSD 34 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2008 overhead reduction program: $34 million pre-tax charge for severance and benefit costs in Q2 2009. Employee count not disclosed.
2009-06-30plant_closurein_progressFranceIndustrial Packaging (Etienne mill)USD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Etienne mill closure: $15 million pre-tax charge for severance and other costs in Q2 2009. Employee count not disclosed.
2009-06-30plant_closurecompletedScotlandPrinting Papers (Inverurie mill)USD 23 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Inverurie mill closure: $23 million pre-tax charge for closure costs in Q1 2009. Employee count not disclosed.
2009-06-30plant_closurecompletedVirginia, USAForest Products (Franklin mill)USD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Franklin lumber mill, sheet converting plant, and converting innovations center closure: $6 million pre-tax charge in Q1 2009. Employee count not disclosed.
2009-06-30restructuringcompletedUSAConsumer Packaging (Shorewood)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shorewood Packaging reorganization: $2 million pre-tax charge in Q1 2009. Employee count not disclosed.
2009-03-31restructuringin_progress2009-03-31United StatesCorporate / overhead functionsUSD 52 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance and benefits tied to the 2008 overhead reduction program; $32M after taxes. No employee count disclosed.
2009-03-31plant_closurein_progress2009-03-31ScotlandPrinting PapersUSD 23 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure costs for the Inverurie mill; $28M after taxes. Mill closed at end of Q1 2009 per MD&A. No employee count disclosed.
2009-03-31plant_closurein_progress2009-03-31United StatesFranklin, Virginia — lumber mill, sheet converting plant and converting innovations centerUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure costs for specified Franklin, VA operations; $4M after taxes. No employee count disclosed.
2009-03-31restructuringin_progress2009-03-31United StatesConsumer Packaging — Shorewood Packaging operationsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Costs associated with reorganization of Shorewood Packaging operations; $1M after taxes. No employee count disclosed.
2009-03-31acquisition_additioncompleted2008-08-04North AmericaIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling business for $6B cash; included for context as prior-period acquisition. No headcount added disclosed.
2009-03-31restructuringin_progressUnited StatesCorporate / OverheadUSD 52 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and benefits associated with 2008 overhead reduction program. Employee count not disclosed.
2009-03-31plant_closurein_progressScotlandPrinting PapersUSD 23 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure costs related to Inverurie mill. Employee count not disclosed.
2009-03-31plant_closurein_progressVirginia, United StatesForest Products / Printing PapersUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure costs for Franklin, Virginia lumber mill, sheet converting plant and converting innovations center. Employee count not disclosed.
2009-03-31restructuringin_progressUnited StatesConsumer PackagingUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with reorganization of Shorewood Packaging operations. Employee count not disclosed.
2008-12-31restructuringin_progress2009-12-31United States and global salaried workforceCorporate / overhead functionsUSD 53 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Targets reducing the global salaried workforce by approximately 1,000 to 1,500 employees by end of 2009 (range stated; no single count disclosed). Part of $370M total 2008 restructuring and other charges covering severance for approximately 1,675 employees, of whom 448 had separated as of 2008-12-31.
2008-12-31plant_closurecompleted2008-12-31Bastrop, Louisiana, United StatesPrinting PapersUSD 123 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent mill shutdown in the fourth quarter of 2008; includes $71M accelerated depreciation, $32M severance, $11M environmental and $9M other. Closing effects were bargained with the USW during 2008; affected-employee count not disclosed.
2008-12-31plant_closurecompleted2008-12-31Franklin, Virginia, United StatesPrinting PapersUSD 30 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shutdown of one uncoated paper machine in the fourth quarter of 2008; includes $23M accelerated depreciation, $6M severance, $1M other. Affected-employee count not disclosed.
2008-12-31restructuringin_progressCanadaConsumer Packaging (Shorewood operations)USD 30 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charges recorded across all four quarters of 2008; includes $22M severance, $7M accelerated depreciation, $1M other. Affected-employee count not disclosed.
2008-12-31plant_closurecompleted2008-12-31United StatesIndustrial Packaging (Ace Packaging)USD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Includes $2M severance, $2M accelerated depreciation, $4M other. Affected-employee count not disclosed.
2008-12-31acquisition_additioncompleted2008-08-042008-08-04United StatesIndustrial Packaging (North American container business)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately $6 billion in cash on 2008-08-04. Headcount added not disclosed; CBPR represented approximately 8% of total net sales and 22% of total assets for 2008 and was excluded from the internal control assessment.
2008-12-31plant_closureannounced2009-022009-03-31Inverurie, ScotlandPrinting PapersUSD 107 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event disclosed after fiscal year-end; $107M impairment of the mill's long-lived assets was recorded in Q3 2008. Affected-employee count not disclosed.
2008-12-31restructuringcompleted1,6752008-01-012009-12-31GlobalCorporate / OverheadUSD 53 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2008 initiative to reduce overhead cost structure and global salaried workforce by approx 1,000-1,500 employees by end of 2009. Total severance and other costs for 1,675 employees. $53 million pre-tax charge.
2008-12-31plant_closurecompleted2008-01-012008-12-31Louisiana, USAPrinting PapersUSD 123 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Permanent shutdown of Louisiana mill. $123 million charge for costs associated with shutdown.
2008-12-31plant_closurecompleted2008-01-012008-12-31Louisiana, USAPrinting PapersUSD 30 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of uncoated paper machine at Franklin mill. $30 million charge.
2008-12-31acquisition_additioncompleted2008-08-042008-08-04United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Weyerhaeuser Containerboard, Packaging and Recycling (CBPR) business. Headcount not explicitly disclosed in footnote, but integration costs of $45 million recorded.
2008-12-31restructuringcompleted2008-01-012008-12-31United StatesConsumer PackagingUSD 30 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reorganization of Shorewood business. $30 million charge.
2008-09-30acquisition_additioncompleted2008-08-04United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling (CBPR) business for $6 billion cash; headcount added not disclosed.
2008-09-30restructuringin_progressCanadaConsumer PackagingUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization of Shorewood operations in Canada; $8M pre-tax charge in Q3 2008 ($5M in Q1, $13M in Q2). Employee count not disclosed.
2008-09-30restructuringin_progressUnited StatesCorporateUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs associated with the Company's Transformation Plan; employee count not disclosed.
2008-09-30othercompleted2008-05-31United StatesIndustrial Packagingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Recovery boiler explosion at Vicksburg, Mississippi facility in May 2008 resulted in one fatality and injuries to contractor employees; lawsuits filed, insurance expected to cover.
2008-09-30restructuringin_progress2008-07-01CanadaConsumer Packaging (Shorewood operations)USD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with reorganization of Shorewood operations in Canada. Employee count not disclosed.
2008-09-30restructuringin_progress2008-07-01United StatesCorporate / Transformation PlanUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs associated with the Company's Transformation Plan. Employee count not disclosed.
2008-09-30acquisition_additioncompleted2008-08-04United StatesIndustrial Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Weyerhaeuser Company's Containerboard, Packaging and Recycling business (CBPR). Headcount added not disclosed.
2008-06-30restructuringin_progressCanadaConsumer Packaging (Shorewood)USD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2008 charges of $13M pre-tax ($9M after-tax) for reorganizing Shorewood operations in Canada: $10M severance and $3M accelerated depreciation. No employee count disclosed.
2008-06-30restructuringin_progressCanadaConsumer Packaging (Shorewood)USD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2008 charge of $5M pre-tax ($3M after-tax) for the same Shorewood Canada reorganization program. No employee count disclosed.
2008-06-30acquisition_additioncompleted2008-03-172008-08-04North AmericaIndustrial Packaging (North American Industrial Packaging)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Weyerhaeuser's Containerboard, Packaging and Recycling business for $6B cash, completed August 4, 2008 (subsequent to quarter end). No headcount added disclosed; purchase price allocation deferred to Q3 2008.
2008-06-30restructuringcompleted2008-04-01CanadaShorewood operationsUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2008 restructuring of Shorewood operations in Canada included $10 million pre-tax severance charges. Employee count not disclosed.
2008-06-30restructuringcompleted2008-01-01CanadaShorewood operationsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2008 restructuring of Shorewood operations in Canada included $5 million pre-tax charge. Employee count not disclosed.
2008-03-31restructuringin_progressCanadaConsumer Packaging — Shorewood operationsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2008 charge of $5M pre-tax ($3M after tax) for reorganization of Shorewood operations in Canada; no employee count, headcount impact, or completion date disclosed.
2008-03-31acquisition_additionannounced2008-03-172008-09-30North AmericaNorth American Packaging (Containerboard, Packaging and Recycling)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to purchase Weyerhaeuser's CBPR business for $6B cash, to be debt-financed; expected to close in Q3 2008 subject to approvals. No headcount associated with the transaction disclosed.
2008-03-31otherin_progress2008-05-03United States — Vicksburg, MississippiContainerboard millsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Recovery boiler explosion on 2008-05-03 during startup after annual outage; one fatality and 17 injuries, all contractor employees. Mill not operating; investigation underway. Business interruption and property damage insurance subject to deductibles up to $20M.
2008-03-31restructuringin_progress2008-03-31CanadaConsumer Packaging (Shorewood)USD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of Shorewood operations in Canada. Employee count not disclosed.
2007-12-31restructuringin_progress449United StatesCompany-wide (Transformation Plan)USD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance sits within a $30 million pre-tax organizational restructuring charge for 2007. 332 of the 449 employees had been terminated as of 2007-12-31; balance of the charge covers accelerated depreciation, environmental and other items.
2007-12-31plant_closurecompletedTerre Haute, Indiana, United StatesIndustrial PackagingUSD 33 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mill shut down during 2007 as part of the Transformation Plan; a separate $10 million pre-tax environmental charge relates to the closure. Employees affected not disclosed.
2007-12-31divestiture_reductioncompleted2007-03-31United StatesWood Productsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount removed through the sale not disclosed. Reported in discontinued operations.
2007-12-31divestiture_reductioncompleted2007-09-30United States and internationalBeverage Packagingdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount removed through the sale not disclosed. Reported in discontinued operations.
2007-12-31divestiture_reductioncompleted2007-01-02United StatesKraft Papersdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount removed through the sale not disclosed. Reported in discontinued operations.
2007-12-31divestiture_reductioncompleted2007-02-28United States and EuropeSpecialty Businesses and Other (Arizona Chemical)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company retained a minority interest of approximately 10%; operating results included in continuing operations through the sale date. Headcount removed not disclosed.
2007-12-31acquisition_additioncompleted2007-08-24United StatesDistribution (xpedx)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount added not disclosed. Excluded from management's assessment of internal control over financial reporting for 2007.
2007-12-31acquisition_additioncompleted2007-02-01BrazilPrinting Papersbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount added not disclosed. Excluded from management's assessment of internal control over financial reporting for 2007.
2007-12-31acquisition_additioncompleted2007-07-31MoroccoIndustrial Packaging (European Container)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company acquired the remaining ~33.5% interest, making CMCP wholly owned. Headcount added not disclosed.
2007-12-31acquisition_additioncompleted2007-11-30MexicoIndustrial Packagingother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount added not disclosed.
2007-12-31restructuringcompleted4492007-01-012007-12-31GlobalCorporate / Transformation PlanUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges for 449 employees related to the Company's Transformation Plan. As of December 31, 2007, 332 employees had been terminated.
2007-09-30plant_closurein_progressUnited States (Terre Haute, Indiana)Printing PapersUSD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2007 pre-tax charges of $27M accelerated depreciation and $10M closure reserves for the Terre Haute mill; no employee count disclosed.
2007-09-30restructuringin_progressBrazilOperationsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2007 pre-tax charge for restructuring of Brazil operations; no employee count disclosed.
2007-09-30restructuringin_progressGlobalCorporate / Transformation PlanUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2007 pre-tax charge for organizational restructuring programs under the Transformation Plan; no employee count disclosed.
2007-09-30acquisition_additioncompleted2007-08-242007-08-24United StatesDistribution (xpedx)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Central Lewmar LLC for $189M completed 2007-08-24; headcount added not disclosed.
2007-09-30divestiture_reductioncompletedInternationalBeverage Packaging (non-U.S. operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of remainder of non-U.S. Beverage Packaging business completed in Q3 2007; headcount removed not disclosed.
2007-09-30otherannounced2007-10-05RussiaPrinting Papers / Pulpsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
50:50 joint venture Ilim Group formed; IP purchased 50% of Ilim Holding S.A. for ~$620M; headcount impact not disclosed.
2007-09-30restructuringcompletedUnited StatesTerre Haute millUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $27 million for accelerated depreciation and $10 million for closure reserves associated with the Terre Haute mill.
2007-09-30restructuringcompletedBrazilBrazil operationsUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $3 million related to the restructuring of the Company's Brazil operations.
2007-09-30restructuringcompletedGlobalTransformation PlanUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $2 million for organizational restructuring programs associated with the Company's Transformation Plan.
2007-09-30restructuringcompletedGlobalTransformation PlanUSD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2007 pre-tax charges of $26 million for organizational restructuring, including $17 million accelerated depreciation.
2007-09-30restructuringcompletedGlobalTransformation PlanUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2007 pre-tax charges of $18 million for organizational restructuring, including $12 million accelerated depreciation.
2007-09-30acquisition_additioncompleted2007-08-24United StatesDistributionUSD 189 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Central Lewmar LLC for $189 million. Headcount not disclosed.
2007-09-30acquisition_additioncompleted2007-07-31MoroccoConsumer PackagingUSD 40 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Purchase of remaining shares of CMCP for approximately $40 million. Headcount not disclosed.
2007-09-30divestiture_reductioncompletedGlobalBeverage Packagingdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of remainder of non-U.S. Beverage Packaging business completed in Q3 2007. Headcount not disclosed.
2007-09-30divestiture_reductioncompletedGlobalWood Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sales of lumber mills and wood products plants completed in March 2007. Headcount not disclosed.
2007-09-30divestiture_reductioncompletedGlobalKraft Papersdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Kraft Papers business completed in January 2007. Headcount not disclosed.
2007-09-30divestiture_reductioncompletedGlobalArizona Chemicaldiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Arizona Chemical business completed in Q1 2007. Headcount not disclosed.
2007-06-30restructuringin_progressGlobalCorporate / OrganizationalUSD 26 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2007 organizational restructuring under Transformation Plan; includes $17M accelerated depreciation. No employee count disclosed.
2007-06-30restructuringin_progressGlobalCorporate / OrganizationalUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2007 organizational restructuring under Transformation Plan; includes $12M accelerated depreciation. No employee count disclosed.
2007-06-30divestiture_reductioncompletedNorth AmericaBeverage Packagingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
North American Beverage Packaging operations sold January 31, 2007; remaining non-U.S. operations expected to close later in 2007. No headcount disclosed.
2007-06-30divestiture_reductioncompletedNorth AmericaWood Productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 13 lumber mills and five wood products plants completed March 2007. No headcount disclosed.
2007-06-30divestiture_reductioncompletedNorth AmericaKraft Papersother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Kraft Papers business sale completed January 2007. No headcount disclosed.
2007-06-30divestiture_reductioncompletedNorth AmericaArizona Chemicalother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Arizona Chemical sale completed Q1 2007; IP retained ~10% minority interest. No headcount disclosed.
2007-06-30plant_closurein_progressUnited StatesPrinting Papers / Industrial PackagingMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pensacola, FL mill conversion from uncoated freesheet to lightweight linerboard; paper machine shutdown ongoing. No headcount impact disclosed.
2007-06-30restructuringin_progressOrganizational restructuring programs associated with the Transformation PlanUSD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2007 charges include $17 million of accelerated depreciation for long-lived assets being removed from service. Employee count not disclosed.
2007-06-30restructuringin_progressOrganizational restructuring programs associated with the Transformation PlanUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2007 charges include $12 million of accelerated depreciation for long-lived assets being removed from service. Employee count not disclosed.
2007-06-30divestiture_reductioncompletedNorth AmericaBeverage Packagingdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of North American Beverage Packaging operations closed on January 31, 2007. Employee count not disclosed.
2007-06-30divestiture_reductioncompletedWood Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of 13 lumber mills and five wood products plants completed in March 2007. Employee count not disclosed.
2007-06-30divestiture_reductioncompletedKraft Papersdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Kraft Papers business completed in January 2007. Employee count not disclosed.
2007-06-30divestiture_reductioncompletedArizona Chemicaldiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Arizona Chemical business completed in Q1 2007. Employee count not disclosed.
2007-06-30plant_closureannounced2007-12-31Edison, N.J.Consumer Packaging (Shorewood)USD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced closure of Edison, N.J. plant by year end. Q2 results included $3 million of costs related to the closure. Employee count not disclosed.
2007-03-31restructuringin_progressUnited StatesCorporate / organizationalUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2007 pre-tax charge of $18M ($11M after taxes) for organizational restructuring programs under the Transformation Plan; no employee count disclosed.
2007-03-31divestiture_reductioncompleted2007-03-31North AmericaWood Productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 13 lumber mills and five wood products plants completed March 2007; headcount removed not disclosed.
2007-03-31divestiture_reductioncompleted2007-01-31North AmericaBeverage Packagingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
North American Beverage Packaging sale closed 2007-01-31; non-U.S. operations expected to close later in 2007. Headcount removed not disclosed.
2007-03-31divestiture_reductioncompleted2007-01-31United StatesKraft Papersother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Kraft Papers sale completed January 2007; headcount removed not disclosed.
2007-03-31divestiture_reductioncompleted2007-02-28United StatesSpecialty Businesses (Arizona Chemical)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Arizona Chemical sale completed February 2007; IP retained ~10% minority interest. Headcount removed not disclosed.
2007-03-31acquisition_additioncompleted2007-02-01BrazilPrinting Papers (Luiz Antonio mill)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Non-cash asset exchange with Votorantim Celulose e Papel completed 2007-02-01; net assets acquired $1,520M. Headcount added not disclosed.
2007-03-31restructuringin_progressOrganizational restructuring programs associated with the Transformation PlanUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $18 million recorded for organizational restructuring programs. Employee count not disclosed.
2007-03-31divestiture_reductioncompletedNorth AmericaBeverage Packagingdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of North American Beverage Packaging operations closed on January 31, 2007. Employee count not disclosed.
2007-03-31divestiture_reductioncompletedKraft Papersdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Kraft Papers business completed in January 2007. Employee count not disclosed.
2007-03-31divestiture_reductioncompletedWood Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sales of 13 lumber mills and five wood products plants completed in March 2007. Employee count not disclosed.
2007-03-31divestiture_reductioncompletedArizona Chemicaldiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Arizona Chemical business completed in first quarter 2007. Employee count not disclosed.
2006-12-31restructuringin_progress1,6692006-01-01United States and internationalCorporate-wide organizational restructuring (Transformation Plan)USD 157 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance charges in 2006 related to 1,669 employees; 803 terminated as of 2006-12-31. Charge of $157M pre-tax ($95M after tax) for organizational restructuring programs principally associated with the Transformation Plan; includes $32M asset write-downs and $125M severance and other.
2006-12-31divestiture_reductioncompleted2006-06-302006-09-30United StatesPrinting Papers — U.S. Coated and Supercalendered Papers businessUSD 1,400 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive sale agreement signed Q2 2006 for approximately $1.4 billion; sale completed Q3 2006. Headcount not disclosed.
2006-12-31divestiture_reductioncompleted2006-06-302006-09-30BrazilPrinting Papers — Brazilian Coated Papers businessUSD 420 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to Stora Enso Oyj completed Q3 2006 for approximately $420 million. Headcount not disclosed.
2006-12-31divestiture_reductioncompleted2006-06-302007-01-02United StatesSpecialty Businesses — Kraft Papers businessUSD 155 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed Q2 2006 for approximately $155 million; sale completed 2007-01-02 (subsequent event). Headcount not disclosed.
2006-12-31divestiture_reductioncompleted2006-12-312007-01-31United States and internationalConsumer Packaging — Beverage Packaging businessUSD 500 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell to Carter Holt Harvey Limited for approximately $500 million announced Q4 2006; North American operations closed 2007-01-31, remaining non-U.S. operations expected to close later in Q1 2007. Headcount not disclosed.
2006-12-31divestiture_reductionannounced2006-12-312007-06-30United StatesForest Products — Wood Products business (13 lumber mills and 5 wood products plants)USD 562 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Two separate definitive agreements announced Q4 2006: 13 lumber mills for approximately $325 million (expected Q1 2007) and five wood products plants for approximately $237 million (expected first half 2007). Headcount not disclosed.
2006-12-31divestiture_reductionannounced2006-12-312007-03-31United States and internationalSpecialty Businesses and Other — Arizona Chemical businessUSD 485 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement entered December 2006 for approximately $485 million; transaction closed in Q1 2007. Headcount not disclosed.
2006-12-31acquisition_additioncompleted2006-10-312006-12-31ChinaConsumer Packaging — coated paperboard joint ventures with Sun Cartonboard Co., Ltd.USD 110 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
October/November 2006: approximately $82 million for 50% interest in International Paper & Sun Cartonboard Co., Ltd.; December 2006: approximately $28 million for 50% interest in Shandong International Paper & Sun Coated Paperboard Co., Ltd. Headcount not disclosed.
2006-12-31acquisition_additioncompleted2006-05-012006-05-01AsiaDistribution — International Paper Distribution Limited (formerly IPPM)USD 21 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
May 2006 purchase of remaining 25% interest from Carter Holt Harvey for $21 million. Headcount not disclosed.
2006-12-31othercompleted2006-12-31United StatesPaper mill and non-paper mill operations — labor contract negotiationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
During 2006, new labor agreements ratified at four paper mills (Savannah, GA carried over to early 2007; Terre Haute, IN also carried over), and 25 labor agreements settled in non-paper mill operations. Approximately 13,000 U.S. union employees represented by the United Steel Workers under individual location contracts.
2006-12-31plant_closureannounced2006-12-312007-12-31United StatesPrinting Papers — Pensacola, Florida mill conversion to containerboardMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
During 2007 the Pensacola mill will be converted to produce containerboard, reducing future U.S. uncoated freesheet capacity; associated workforce impact not quantified.
2006-12-31restructuringcompleted1,6692006-01-012006-12-31GlobalCorporate and Business SegmentsUSD 157 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2006 organizational restructuring program. Severance charges related to 1,669 employees. As of Dec 31, 2006, 803 terminated. Total pre-tax charge $300M including $157M for org restructuring.
2006-12-31restructuringcompleted7912005-01-012006-12-31GlobalCorporate and Business SegmentsUSD 256 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2005 organizational restructuring program. Severance charges related to 791 employees. All terminated by Dec 31, 2006. Total pre-tax charge $340M including $256M for org restructuring.
2006-09-30restructuringin_progress2005-07-01United StatesMultiple segmentsUSD 92 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2006 restructuring charges of $92M pre-tax ($56M after-tax) under the Transformation Plan, including $57M for severance, lease termination, and other charges plus $35M for legal reserve adjustments. No employee headcount disclosed.
2006-09-30divestiture_reductioncompleted2006-09-30BrazilPrinting Papers — Brazilian Coated Papersother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Brazilian Coated Papers business to Stora Enso Oyj completed in Q3 2006 for approximately $420M. No headcount disclosed.
2006-09-30divestiture_reductioncompleted2006-04-012006-08-01United StatesPrinting Papers — Coated and Supercalendered PapersUSD 38 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Coated and Supercalendered Papers business completed August 1, 2006 for approximately $1.4B. A $38M pre-tax charge was recorded on completion. No headcount disclosed.
2006-09-30divestiture_reductionannounced2006-04-01United StatesPrinting Papers — Kraft PapersUSD 117 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed in Q2 2006 to sell Kraft Papers for ~$155M cash plus contingent payments. Pre-tax charges of $101M (Q1) and $16M (Q2) to write down carrying value. Sale expected to close late 2006 or early 2007. No headcount disclosed.
2006-09-30plant_closurein_progress2006-03-012006-12-31United StatesForest Products — Forestlandsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transformation Plan forestland sales of ~5.7 million acres for ~$6.6B. Remaining sales expected to complete in Q4 2006. No headcount impact disclosed.
2006-09-30restructuringin_progress2006-07-01GlobalTransformation PlanUSD 57 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2006 charge includes $15M severance, $25M lease termination, and $17M other charges associated with the Transformation Plan.
2006-09-30restructuringin_progress2006-04-01GlobalTransformation PlanUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2006 charge includes $31M severance and $19M other charges associated with the Transformation Plan.
2006-09-30restructuringin_progress2006-01-01GlobalTransformation PlanUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2006 charge includes severance costs associated with the Transformation Plan.
2006-09-30plant_closurecompleted2005-07-01United StatesPrinting PapersUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2005 charge for severance and other charges associated with the indefinite shutdown of three U.S. paper machines.
2006-09-30restructuringcompleted2005-07-01United StatesForest ProductsUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2005 charge for costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia.
2006-06-30restructuringin_progress2005-07-01GlobalEnterprise-wide (Transformation Plan)USD 54 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2006 pre-tax charge of $54M ($33M after taxes) includes $50M for severance and other termination benefits (~$31M severance) tied to the Transformation Plan, plus $4M for legal settlements. No employee headcount disclosed.
2006-06-30restructuringin_progress2005-07-01GlobalEnterprise-wide (Transformation Plan)USD 46 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2006 restructuring charges of $46M pre-tax ($28M after taxes), including $20M for organizational restructuring/severance under the Transformation Plan, $8M early debt extinguishment, $18M legal reserve adjustments, $6M tax adjustments, offset by $19M insurance recovery credit. No employee headcount disclosed.
2006-06-30divestiture_reductionin_progress2006-04-042006-12-31United StatesForest Products / ForestlandsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreements announced April 2006 to sell ~5.7 million acres of U.S. forestlands for ~$6.6 billion; ~75,000 acres sold in Q2 2006 for ~$97M (pre-tax gain $62M). Remaining sales expected to complete during 2006. No employee headcount impact disclosed.
2006-06-30divestiture_reductioncompleted2006-04-012006-08-01United StatesPrinting Papers (Coated and Supercalendered Papers)USD 85 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed in Q2 2006 to sell Coated and Supercalendered Papers for ~$1.4B; $85M pre-tax charge ($53M after taxes) to adjust net assets to fair value. Sale completed August 1, 2006 (subsequent event). No employee headcount disclosed.
2006-06-30divestiture_reductionin_progress2006-04-01United StatesPrinting Papers (Kraft Papers)USD 16 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed in Q2 2006 to sell Kraft Papers for ~$155M plus contingent payments up to $60M; $16M pre-tax charge ($10M after taxes) to further reduce carrying value. Classified as discontinued operations. No employee headcount disclosed.
2006-06-30otherannounced2006-07-132007-12-31United StatesCorporate (Share Repurchase)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board authorized a share repurchase program of up to $3.0 billion on July 13, 2006, funded by Transformation Plan proceeds. Not a workforce action per se but disclosed as subsequent event; no headcount impact stated.
2006-06-30restructuringin_progress2006-04-01Corporate / Transformation PlanUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2006 pre-tax charge of $50 million for severance and other termination benefits associated with the Transformation Plan. Employee count not disclosed.
2006-06-30restructuringin_progress2006-01-01Corporate / Transformation PlanUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q1 2006 pre-tax charge of $20 million for organizational restructuring programs, principally severance costs associated with the Transformation Plan. Employee count not disclosed.
2006-06-30restructuringin_progress2005-04-01United StatesPrinting PapersUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2005 pre-tax charge of $17 million for severance and other charges associated with the indefinite shutdown of three U.S. paper machines. Employee count not disclosed.
2006-06-30restructuringin_progress2005-04-01United StatesForest ProductsUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2005 pre-tax charge of $14 million for costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia. Employee count not disclosed.
2006-03-31restructuringin_progressUnited StatesCorporate / enterprise-wideUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $20M ($12M after taxes) for organizational restructuring programs, principally severance tied to the Transformation Plan. No employee count disclosed.
2006-03-31divestiture_reductionin_progressUnited StatesCoated and Supercalendered Papers; Kraft PapersUSD 1,400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Coated and Supercalendered Papers and Kraft Papers classified as held for sale; ~$1.4B pre-tax write-down recorded. Exclusive negotiations with buyers underway. No headcount figure disclosed.
2006-03-31plant_closureannouncedMaresquel, FrancePrinting Papers — European PapersMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of the Maresquel mill in France referenced as causing production disruptions in Q1 2006. No employee count or charge disclosed in this filing.
2006-03-31restructuringin_progress2005-07-01Organizational restructuringUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $20 million for organizational restructuring programs, principally severance costs associated with the Company's Transformation Plan. Employee count not disclosed.
2005-12-31restructuringin_progress8552005-07-19United States and internationalCorporate-wide organizational restructuring (Transformation Plan)USD 274 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance charges recorded in 2005 related to 855 employees; 661 had been terminated as of December 31, 2005. Pre-tax organizational restructuring charge of $274M (part of $358M total 2005 restructuring and other charges). Severance rollforward: $29M opening, $25M Q3 additions, $50M Q4 additions, $54M cash charges, $40M balance at year-end. Charge includes $170M asset write-downs and $104M severance and other.
2005-12-31plant_closurecompleted2005-12-31United States (Pensacola, Florida; Jay, Maine; Bastrop, Louisiana)Printing Papers — uncoated paper machinesUSD 145 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Three U.S. uncoated freesheet machines permanently closed in Q4 2005: $50M for machine shutdowns plus $95M to write down the Bastrop mill to net realizable value of $105M. Included within the $274M organizational restructuring charge — do not add to that total. Approximately 290,000 tons of the 830,000 tons of 2005 lack-of-order downtime related to these mills.
2005-12-31plant_closurecompleted2005-09-30NorwaySpecialty Businesses and OtherUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Third-quarter 2005 charge related to shutdown of a plant in Norway; included within the $274M organizational restructuring charge.
2005-12-31plant_closurecompleted2005-12-31United States (Joplin, Missouri)Forest ProductsUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charges related to closure of the Joplin, Missouri facility, plus $2M for relocation of the Forest Products headquarters from Savannah, Georgia to Memphis, Tennessee; included within the $274M organizational restructuring charge.
2005-12-31divestiture_reductioncompleted2005-09-30New ZealandCarter Holt Harvey Limited (50.5% interest)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 50.5% interest completed in Q3 2005 for approximately $1.14 billion, principally to reduce debt; pre-tax gain of $29M ($361M after taxes and minority interest). Headcount not disclosed.
2005-12-31divestiture_reductioncompleted2005-04-30United StatesPrinting Papers — Fine Papers businessUSD 24 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fine Papers sold to Mohawk Paper Mills; completed April 30, 2005. Q1 2005 pre-tax write-down of $24M ($13M after taxes) to net realizable value. Headcount not disclosed.
2005-12-31divestiture_reductioncompleted2005-05-31United States and NetherlandsIndustrial Packaging — Industrial Papers businessUSD 49 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Industrial Papers sold to an affiliate of Kohlberg and Company; completed May 31, 2005. Q1 2005 pre-tax write-down of $49M ($35M after taxes). Reduced 2005 segment earnings contribution by $25M. Headcount not disclosed.
2005-12-31divestiture_reductioncompleted2005-06-30FranceSpecialty Businesses and Other — European Distribution (Papeteries de France)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
European Distribution business exited with the sale of Papeteries de France in Q2 2005; related goodwill reclassified to assets held for sale. Headcount not disclosed.
2005-12-31acquisition_additioncompleted2005-10-14MoroccoIndustrial Packaging — corrugated packaging (CMCP, ~65% interest)USD 80 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired approximately 65% of Compagnie Marocaine des Cartons et des Papiers for ~$80M cash plus ~$40M assumed debt. Excluded from management's ICFR assessment as less than 1% of total assets and revenues. Headcount added not disclosed.
2005-12-31acquisition_additioncompleted2005-08-01Hong Kong / AsiaIndustrial Packaging — International Paper Distribution Limited (IPPM, additional 50% interest)USD 46 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchased the 50% third-party interest in IPPM (renamed International Paper Distribution Limited) for $46.1M; approximately $50M of goodwill recognized. Segment sales included $104M from this business post-acquisition. Headcount added not disclosed.
2005-12-31otherin_progress2005-07-19United StatesCorporate — headquarters relocations (Stamford, Connecticut to Memphis, Tennessee; Forest Products from Savannah, Georgia)USD 14 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
$2M for relocation of International Paper's headquarters and $12M of transformation costs in Corporate, plus $2M for the Forest Products headquarters relocation; included within the $274M organizational restructuring charge. Employees affected not disclosed.
2005-12-31restructuringcompleted8552005-01-012005-12-31GlobalCorporate and Business SegmentsUSD 104 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges recorded in 2005 related to 855 employees. As of Dec 31, 2005, 661 terminated. Total restructuring charges were $358M pre-tax, including $274M for organizational restructuring (Transformation Plan).
2005-12-31plant_closurecompleted2005-01-012005-12-31United StatesPrinting PapersMD&A
f5-10k / Qwen3.6-27B-Q8_0
Permanent closure of three uncoated freesheet machines at mills in Pensacola, Florida; Jay, Maine; and Bastrop, Louisiana in the fourth quarter. Associated with 290,000 tons of lack-of-order downtime.
2005-12-31restructuringin_progress8552005-07-19United States and international operationsCorporate-wide organizational restructuring (Transformation Plan)USD 274 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2005 severance charges related to 855 employees; 661 terminated as of 2005-12-31. Pre-tax charge of $274M ($174M after taxes), comprising $170M asset write-downs and $104M severance and other. Severance reserve balance $40M at year-end. Program principally tied to the Transformation Plan announced 2005-07-19.
2005-12-31plant_closurecompleted2005-12-31United States (Pensacola, Florida; Jay, Maine; Bastrop, Louisiana)Printing Papers — uncoated paper machinesUSD 50 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of three U.S. uncoated paper machines in Q4 2005; associated charges of $50M plus a separate $95M write-down of the Bastrop, Louisiana mill to net realizable value of $105M. Employees affected not disclosed; ~290,000 tons of 2005 lack-of-order downtime related to these machines.
2005-12-31plant_closurecompleted2005-12-31United States (Joplin, Missouri)Forest ProductsUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charges related to closure of the Joplin, Missouri facility; employees affected not disclosed.
2005-12-31plant_closurecompleted2005-09-30NorwaySpecialty Businesses and OtherUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Third-quarter charge related to shutdown of a plant in Norway; employees affected not disclosed.
2005-12-31divestiture_reductioncompleted2005-09-30New ZealandCarter Holt Harvey Limited (50.5% interest)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 50.5% interest in CHH completed in Q3 2005 for approximately $1.14 billion; presented as discontinued operations. Headcount removed not disclosed.
2005-12-31divestiture_reductioncompleted2005-04-30United StatesPrinting Papers — Fine Papers businessUSD 24 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fine Papers sold to Mohawk Paper Mills; $24M pre-tax loss ($13M after taxes) recorded to write down net assets. Headcount removed not disclosed.
2005-12-31divestiture_reductioncompleted2005-05-31United States and NetherlandsIndustrial Packaging — Industrial Papers businessUSD 49 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Industrial Papers sold to an affiliate of Kohlberg and Company; $49M pre-tax loss ($35M after taxes) recorded. Headcount removed not disclosed.
2005-12-31acquisition_additioncompleted2005-08-01Hong Kong / AsiaDistribution and Packaging — 50% interest in International Paper Distribution Limited (formerly IPPM)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of a 50% third-party interest for $46.1 million; approximately $50M of goodwill recorded in 2005 acquisitions. Headcount added not disclosed.
2005-12-31acquisition_additioncompleted2005-10-14MoroccoIndustrial Packaging — Compagnie Marocaine des Cartons et des Papiers (CMCP, ~65% interest)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately $80M cash plus ~$40M assumed debt; excluded from management's internal control assessment as less than 1% of total assets and revenues. Headcount added not disclosed.
2005-09-30restructuringin_progress2005-07-01United States; NorwayPrinting Papers; Forest Products; Consumer Packaging; Industrial Packaging; Specialty BusinessesUSD 44 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2005 organizational restructuring charge of $44M pre-tax ($32M after taxes). Sub-components disclosed in segment MD&A include $6M severance for indefinite shutdown of three U.S. paper machines (Printing Papers), $13M for a plant shutdown in Norway (Specialty Businesses), $2M HQ relocation (Forest Products), $4M reserve adjustment (Industrial Packaging), $1M environmental reserves (Consumer Packaging), and $3M environmental reserves (Printing Papers). No employee headcount affected is disclosed.
2005-09-30restructuringin_progress2005-04-01United StatesCorporate / multiple segmentsUSD 31 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2005 organizational restructuring charge of $31M pre-tax ($19M after taxes). No employee headcount affected is disclosed.
2005-09-30acquisition_additioncompleted2005-08-012005-08-01Hong Kong / AsiaDistribution and packaging (IPPM)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IP acquired the 50% outside interest of International Paper Pacific Millennium Limited for $46.1M; consolidated from August 2005. No headcount added is disclosed.
2005-09-30divestiture_reductioncompleted2005-09-212005-09-21New ZealandCarter Holt Harvey Limited (50.5% interest)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 50.5% interest in CHH to Rank Group for ~$1.14B; presented as discontinued operation. No headcount removed is disclosed.
2005-09-30acquisition_additionannounced2005-10-042005-10-04MoroccoCorrugated packaging (CMCP)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of ~65% of Compagnie Marocaine des Cartons et des Papiers for ~$80M cash plus ~$40M assumed debt. No headcount added is disclosed.
2005-09-30restructuringcompleted3512004-09-30Organizational restructuringUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Third quarter 2004 charge included $17 million of severance costs covering the termination of 351 employees.
2005-09-30restructuringcompleted2005-09-30Printing PapersUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Third quarter 2005 special charge for severance and other charges associated with the indefinite shutdown of three paper machines.
2005-09-30restructuringcompleted2005-09-30NorwaySpecialty Businesses and OtherUSD 13 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Third quarter 2005 special charge related to a plant shutdown in Norway.
2005-09-30restructuringcompleted2005-09-30United StatesForest ProductsUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Third quarter 2005 special charge for costs associated with relocating the business headquarters to Memphis, TN from Savannah, GA.
2005-06-30plant_closurein_progress2005-04-01United StatesPrinting PapersUSD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax severance and other charges tied to indefinite shutdown of three U.S. paper machines; no employee count disclosed.
2005-06-30restructuringin_progress2005-04-01United StatesForest ProductsUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Costs for relocating business headquarters from Savannah, Georgia to Memphis, Tennessee; no employee count disclosed.
2005-06-30divestiture_reductioncompleted2005-03-012005-05-31United StatesIndustrial PackagingUSD 49 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Industrial Papers business to Kohlberg affiliate completed end of May 2005; $49M pre-tax write-down recorded in Q1 2005; no headcount disclosed.
2005-06-30divestiture_reductioncompleted2005-03-012005-06-30United StatesPrinting PapersUSD 24 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Fine Papers business to Mohawk Paper Mills completed in Q2 2005; $24M pre-tax write-down recorded in Q1 2005; no headcount disclosed.
2005-06-30acquisition_additioncompleted2005-04-282005-04-28New ZealandCarter Holt Harveybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CHH completed acquisition of Tenon Limited structural timber business for approximately NZ$165 million (US$120 million); no headcount disclosed.
2005-06-30acquisition_additioncompleted2005-01-012005-03-31AustraliaCarter Holt Harveybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CHH completed acquisition of Wadepack Limited, an Australian carton business, for approximately $65 million; no headcount disclosed.
2005-06-30divestiture_reductionannounced2005-07-192006-03-31GlobalMultiple segments under evaluation for sale or spin-offsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transformation plan announced to focus on Uncoated Papers and Packaging; evaluating sale/spin-off of CHH stake, Coated and Supercalendered Papers, Beverage Packaging, Kraft Papers, Arizona Chemical, Wood Products, and forestlands; estimated $8-10B after-tax proceeds; no headcount disclosed.
2005-06-30divestiture_reductionannounced2005-06-012005-12-31New ZealandCarter Holt Harveyother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company announced it will explore strategic alternatives for its 50.5% stake in CHH, hoping to identify alternatives before end of 2005; no headcount disclosed.
2005-06-30restructuringcompleted4312005-06-30United StatesPrinting PapersUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and other charges associated with the indefinite shutdown of three U.S. paper machines.
2005-06-30restructuringcompleted2005-06-30United StatesForest ProductsUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with relocating the business headquarters to Memphis, Tennessee from Savannah, Georgia.
2005-03-31divestiture_reductioncompleted5002005-03-312005-05-02United StatesPrinting Papers — Fine Papers businessUSD 24 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax write-down of Fine Papers net assets to realizable value; sale to Mohawk Paper Mills closed 2005-05-02 for approx. $60 million proceeds. Headcount figure is approximate as stated.
2005-03-31divestiture_reductionannounced2005-03-312005-06-30United StatesPrinting Papers — Industrial Papers businessUSD 49 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale to affiliate of Kohlberg and Company for $180 million; pre-tax write-down recorded in Q1 2005; expected to close in Q2 2005. No employee count disclosed.
2005-03-31acquisition_additioncompleted2005-03-312005-03-31AustraliaConsumer Packaging — carton businessbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey acquired Wadepack Limited for approx. $65 million; $42 million of goodwill recorded and immediately impaired. No headcount disclosed.
2005-03-31acquisition_additionannounced2005-04-282005-04-28New ZealandForest Products — structural timber businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CHH completed acquisition of Tenon Limited's structural timber business for approx. NZ$165 million (US$120 million). No headcount disclosed.
2005-03-31restructuringcompleted2022005-03-31GlobalPrinting Papers, Industrial Packaging, Consumer Packaging, Forest Products, Distribution, CorporateUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of 202 employees as part of organizational restructuring programs. Charge of $14 million before taxes.
2005-03-31divestiture_reductioncompleted5002005-03-312005-05-02United StatesFine Papersother
f5-10q / Qwen3.6-27B-Q8_0
Sale of Fine Papers business to Mohawk Paper Mills, Inc. closed May 2, 2005. Business employs approximately 500 people.
2004-12-31restructuringin_progress984Not specifiedCorporate-wide (Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Specialty Businesses, Administrative Support Groups)USD 74 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2004 organizational restructuring program; charges recorded in Q1 ($14M), Q2 ($42M) and Q3 ($18M). Severance charges related to 984 employees; as of 2004-12-31, 833 had been terminated and 151 retained. Program not stated as complete at year-end.
2004-12-31divestiture_reductioncompleted2004-09-302004-12-31CanadaWeldwood of Canada Limited (forest products)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to West Fraser completed in Q4 2004 for C$1.23 billion; a $323 million pre-tax loss ($711 million after taxes) was recorded as a discontinued operation. Headcount not disclosed; agreement entered in Q3 2004.
2004-12-31divestiture_reductioncompleted2004-06-30New Zealand / AustraliaCarter Holt Harvey Tissue businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to SCA in the second quarter of 2004; $268 million pre-tax gain ($90 million after taxes and minority interest). Exact closing date not disclosed; headcount not disclosed.
2004-12-31divestiture_reductioncompleted2004-07-312004-08-31NetherlandsSpecialty Businesses and Other — European Distribution (Scaldia Papier B.V. and Recom B.V.)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to Stora Enso for approximately $36 million cash, resulting in a $34 million pre-tax loss. Headcount not disclosed.
2004-12-31divestiture_reductionannounced2004-12-312005-12-31United States / FrancePrinting Papers — Fine Papers business; Maresquel mill and Papeteries de France distributionUSD 56 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
December 2004 commitment to sell in 2005; $56 million pre-tax write-down to fair value less costs to sell (asset impairment, not severance). Headcount not disclosed.
2004-12-31acquisition_additioncompleted2004-07-01United StatesIndustrial and Consumer Packaging (Box USA Holdings, Inc.)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately $189 million cash plus a $15 million note and assumption of ~$197 million debt; Box USA operated 23 converting facilities. Employee headcount added not disclosed.
2004-12-31acquisition_additioncompleted2004-07-02ChinaCarter Holt Harvey — premium panels / MDF and flooring (Plantation Timber Products)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CHH purchased an 85% interest for $134 million; $35 million of goodwill recorded and subsequently written off in 2004. Employee headcount added not disclosed.
2004-12-31otherannounced2005-01United StatesLabor relations — principal union (PACE)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: PACE announced merger with the United Steelworkers Union, subject to membership votes in April 2005; no headcount impact quantified.
2004-12-31restructuringcompleted9842004-01-012004-12-31GlobalCorporate-wide organizational restructuringUSD 74 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges related to 984 employees. As of Dec 31, 2004, 833 terminated and 151 retained. Charge of $74 million before taxes.
2004-12-31plant_closurecompleted1782003-06-302004-12-31CanadaConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Closure of Rolark manufacturing facility in Toronto. Severance costs covering termination of 178 employees. Charge recorded in 2003 but part of ongoing rationalization.
2004-12-31plant_closurecompleted1152003-10-012004-12-31New ZealandCarter Holt HarveyUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Tokoroa sawmill. Severance costs covering termination of 115 employees.
2004-12-31restructuringcompleted2292003-10-012004-12-31New ZealandCarter Holt HarveyUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cost reduction initiative at Carter Holt Harvey. Severance covering termination of 229 employees.
2004-12-31restructuringcompleted5572003-10-012004-12-31GlobalAdministrative Support GroupsUSD 23 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Second phase of Overhead Reduction Program. Severance costs covering termination of 557 employees.
2004-09-30restructuringin_progress4,3272003-072004-12-31United States and international operationsPrinting Papers; Industrial and Consumer Packaging; Distribution; Specialty Businesses; CorporateUSD 135 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced July 2003 targeting annual overhead cost reduction by late 2004; $135M of severance and overhead costs recorded through Q3 2004. Severance charges in 2003-2004 relate to 4,327 employees; 3,547 terminated and 62 retained as of 2004-09-30. 2004 quarterly terminations: 202 (Q1), 431 (Q2), 351 (Q3). Q3 2004 severance of $17M of the $18M organizational restructuring charge; segment split of that charge: Printing Papers $5M, Industrial and Consumer Packaging $6M, Distribution $3M, Corporate $4M. Severance reserve balance $30M at 2004-09-30.
2004-09-30acquisition_additioncompleted2,3002004-07-012004-07-01United StatesIndustrial and Consumer Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Box USA Holdings, Inc. completed 2004-07-01; approximately 2,300 employees across 23 industrial packaging converting facilities. Purchase price approximately $189M cash plus $15M note; approximately $197M debt assumed.
2004-09-30acquisition_additioncompleted2004-07-022004-07-02ChinaCarter Holt Harvey — panels and flooringbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey acquired an 85% interest in Plantation Timber Products, a Chinese MDF and flooring manufacturer, for $134 million; headcount not disclosed.
2004-09-30divestiture_reductionannounced2004-072004-12-31CanadaWeldwood of Canada, Ltd. (Printing Papers / Forest Products)USD 385 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Weldwood to West Fraser for approximately C$1.26 billion (~US$950 million); $385M pre-tax ($795M after-tax) impairment recorded in Q3 2004. Closing subject to Canadian regulatory approval; on 2004-10-28 West Fraser noted Competition Bureau issues, so completion is not assured. Headcount not disclosed.
2004-09-30divestiture_reductioncompleted2004-052004-05New ZealandCarter Holt Harvey Tissue businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CHH Tissue business to SCA completed May 2004; gain of $268M pre-tax ($90M after taxes and minority interest). Headcount not disclosed.
2004-09-30restructuringin_progress3512003-07-01Printing Papers, Industrial and Consumer Packaging, Distribution, CorporateUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2004 organizational restructuring program. $17M severance for 351 terminations, $1M other cash costs.
2004-09-30acquisition_additioncompleted2,3002004-07-01United StatesIndustrial and Consumer Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Box USA Holdings, Inc. completed July 1, 2004.
2004-09-30divestiture_reductioncompleted2004-05-01Carter Holt Harveybusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Carter Holt Harvey Tissue business to SCA completed in May 2004. Headcount not explicitly disclosed.
2004-06-30restructuringin_progress4312004-06-30Multiple segments: Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, Specialty Businesses, CorporateUSD 42 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge recorded during Q2 2004; specific announcement date not disclosed. $42M pre-tax ($23M after taxes and minority interest) comprised $20M severance for 431 terminations plus $22M other cash costs. Segment charge split: Printing Papers $1M, Packaging $3M, Forest Products $1M, Distribution $2M, Specialty Businesses $11M, Corporate $24M. Part of the broader 2003/2004 overhead reduction program.
2004-06-30restructuringcompleted2022004-03-31Multiple segments: Printing Papers, Industrial and Consumer Packaging, Forest Products, Distribution, CorporateUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2004 charge recorded during the three months ended 2004-03-31; $14M pre-tax ($9M after taxes) covering termination of 202 employees. Segment charge split: Printing Papers $1M, Packaging $5M, Forest Products $4M, Distribution $2M, Corporate $2M.
2004-06-30restructuringin_progress3,0002003-072004-12-31United StatesSalaried positions, corporate overheadUSD 117 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced July 2003 targets elimination of approximately 3,000 U.S. salaried positions by late 2004, some through attrition; $117M of severance and other costs recorded to date. Additional severance charges expected in Q3 2004 when further employees are notified. Cumulative severance rollforward across this program and related plans: 3,976 employees affected by charges in 2003-2004, of which 2,961 had been terminated as of 2004-06-30; quarterly terminations (202 in Q1 2004, 431 in Q2 2004) may be components of this program.
2004-06-30divestiture_reductioncompleted2004-05-192004-05-19New ZealandCarter Holt Harvey Tissue businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CHH Tissue business to SCA completed 2004-05-19; headcount removed not disclosed. Gain of $268M pre-tax ($90M after taxes and minority interest) recorded in discontinued operations.
2004-06-30acquisition_additionannounced2004-07-012004-07-01United StatesIndustrial and Consumer Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Box USA corrugated packaging company for approximately $400M including assumption and repayment of certain indebtedness; headcount added not disclosed. Results included in Packaging segment beginning Q3 2004.
2004-06-30divestiture_reductionannounced2004-07-21CanadaForest Products (Weldwood of Canada, Ltd.)USD 780 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Weldwood to West Fraser Timber for approximately C$1.26 billion (about US$950M); expected to close in fall 2004. Anticipated after-tax loss of approximately $780M in Q3 2004 ($425M pre-tax loss, $355M tax provision). Headcount removed not disclosed; no impairment recorded at 2004-06-30.
2004-06-30restructuringin_progress4312003-07-012004-12-31GlobalCorporate, Specialty Businesses, Industrial and Consumer Packaging, Forest Products, Distribution, Printing PapersUSD 42 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of overhead reduction program announced July 2003 targeting late 2004 completion. Q2 2004 charge includes $20M severance for 431 employees and $22M other cash costs.
2004-06-30restructuringin_progress2022003-07-012004-12-31GlobalCorporate, Distribution, Forest Products, Industrial and Consumer Packaging, Printing PapersUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of overhead reduction program announced July 2003. Q1 2004 charge covered termination of 202 employees.
2004-06-30restructuringin_progress3,0002003-07-012004-12-31United StatesCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
Program targeting elimination of approximately 3,000 salaried positions in the US by late 2004, including some through normal attrition. Additional charges anticipated in Q3 2004.
2004-03-31restructuringin_progress3,3432003restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance charges recorded in 2003 related to 3,343 employees; 2,455 terminated as of March 31, 2004. Severance reserve balance $47M at quarter-end.
2004-03-31restructuringin_progress3,0002003-072004-12United StatesSalaried positions (overhead)USD 75 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program targeting elimination of approximately 3,000 U.S. salaried positions by late 2004, some through normal attrition; $75M severance recorded to date. Additional charges expected in Q2 and Q3 2004.
2004-03-31restructuringcompleted2022004-03-312004-03-31Printing Papers; Industrial and Consumer Packaging; Forest Products; Distribution; CorporateUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2004 organizational restructuring terminations. Pre-tax charge $14M ($9M after taxes). Charge by segment: Printing Papers $1M, Industrial and Consumer Packaging $5M, Forest Products $4M, Distribution $2M, Corporate $2M. May overlap with the July 2003 overhead reduction program.
2004-03-31restructuringin_progress2022004-01-01GlobalPrinting Papers, Industrial and Consumer Packaging, Forest Products, Distribution, CorporateUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Organizational restructuring programs covering termination of 202 employees. Charges allocated by segment: Printing Papers ($1M), Industrial and Consumer Packaging ($5M), Forest Products ($4M), Distribution ($2M), Corporate ($2M).
2004-03-31restructuringin_progress2003-07-012004-12-31United StatesCorporate / OverheadUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Program announced July 2003 targeting reduction in annual overhead costs by late 2004. Includes elimination of approx. 3,000 salaried positions in the US. $75M recorded to date for severance and other costs. Additional charges anticipated in Q2 and Q3 2004.
2004-03-31restructuringcompleted3,3432003-01-012004-03-31GlobalVariousrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative severance and other costs from 2003 restructuring plans. 3,343 employees affected in total; 2,455 terminated as of March 31, 2004. Remaining balance of reserves is $47 million.
2003-12-31restructuringin_progress3,343GlobalMultiple segmentsUSD 236 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
3,343 employees related to severance charges in 2003; 1,756 terminated by year-end. Charge of $236M covers asset shutdowns and cost reduction actions. Includes Overhead Reduction Program announced July 2003 targeting approximately 3,000 salaried US positions by late 2004, and plant closures including Natchez, MS mill (completed July 15, 2003).
2003-12-31restructuringcompleted3,3432003-01-012003-12-31GlobalVariousUSD 184 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges recorded in 2003 related to 3,343 employees. As of December 31, 2003, 1,756 employees had been terminated. Includes asset shutdowns, cost reduction actions, and overhead reduction programs.
2003-12-31restructuringcompleted1,9892002-01-012003-12-31GlobalVariousrestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance charges recorded in 2002 related to 1,989 employees. As of December 31, 2003, 1,849 employees had been terminated. This action completed in the current fiscal year.
2003-09-30restructuringin_progress7442003-072004-12United StatesAdministrative support groups (corporate overhead)USD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Initial phase of Overhead Reduction Program announced July 2003; $37M severance plus $1M other cash costs ($38M total charge). Program targets elimination of approximately 3,000 U.S. salaried positions by late 2004; further charges to be recorded as employees are notified.
2003-09-30plant_closurecompleted1412003-012003-07-15United States — Natchez, MississippiSpecialty Businesses — Chemical Cellulose PulpUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 component: $12M severance for 141 employees terminated in April 2003 plus $1M asset write-downs; other employees to be terminated upon closure. Mill ceased operations July 15, 2003.
2003-09-30plant_closurecompleted4472003-012003-07-15United States — Natchez, MississippiSpecialty Businesses — Chemical Cellulose PulpUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 component of the Natchez mill shutdown announced January 2003; severance charge for 447 employees terminated in connection with the July 15, 2003 shutdown.
2003-09-30plant_closurecompleted202003-012003-07-15United States — Natchez, MississippiSpecialty Businesses — Chemical Cellulose PulpUSD 33 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2003 component: $33M charge comprising $9M asset write-downs to salvage value, $1M severance for 20 employees, $20M environmental closure costs and $3M other cash costs.
2003-09-30restructuringcompleted19Printing PapersUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 organizational restructuring: $2M severance for 19 employees plus $3M write-off of obsolete equipment; announcement date not disclosed.
2003-09-30restructuringcompleted79United States — New JerseyIndustrial and Consumer Packaging — Consumer PackagingUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 rationalization at Clifton and Englewood plants plus Montvale office lease exit: $2M severance for 79 employees, $3M lease termination, $1M other; announcement date not disclosed.
2003-09-30plant_closurecompleted198United States — Louisiana, Oregon, Alabama, New HampshireForest ProductsUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003: shutdowns of Springhill LA lumber, Slaughter Industries Distribution Center, temporary cessation at Tuscaloosa AL, and Madison NH mill closure; $12M plus $1M asset write-downs, $5M severance for 198 employees, $2M other exit costs; announcement date not disclosed.
2003-09-30reduction_in_forcecompleted176United StatesDistribution (xpedx)USD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 severance covering termination of 176 employees to consolidate duplicative facilities; announcement date not disclosed.
2003-09-30restructuringcompleted31FranceIndustrial PackagingUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 reorganization of Creil and Mortagne locations into a single complex: $1M severance for 31 employees plus $1M other cash costs; announcement date not disclosed.
2003-09-30plant_closurecompleted51Finland — ValkeakoskiSpecialty Businesses — Arizona ChemicalUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 severance for 51 employees associated with plant closure; announcement date not disclosed.
2003-09-30restructuringcompleted130United States — Kaukauna, WisconsinSpecialty Businesses — Industrial PapersUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003: converting operations restructuring, release products reorganization and division-wide productivity actions; $1M asset write-down plus $5M severance for 130 employees; announcement date not disclosed.
2003-09-30restructuringcompleted33New ZealandCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 severance for 33 employees under a headcount reduction initiative; announcement date not disclosed.
2003-09-30othercompleted2003-05New ZealandCarter Holt Harvey — Kinleith millMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Labor strike at the Kinleith mill settled in May 2003; caused approximately 130,000 tons of additional downtime in the 2003 second quarter. No employee counts disclosed.
2003-09-30restructuringin_progress7442003-07-012004-12-31United StatesAdministrative Support GroupsUSD 38 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Initial phase of Overhead Reduction Program targeting additional reduction in annual overhead costs by late 2004. Includes 744 terminations.
2003-09-30plant_closurecompleted202003-01-012003-07-15Mississippi, United StatesSpecialty BusinessesUSD 33 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Natchez mill. Charge includes $9M asset write-downs, $1M severance for 20 employees, $20M environmental closure costs, and $3M other cash costs.
2003-09-30restructuringin_progress192003-04-01United StatesPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Organizational restructuring initiative in Q2 2003.
2003-09-30restructuringin_progress792003-04-01New Jersey, United StatesConsumer PackagingUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Rationalization plan at Clifton and Englewood plants and exit of Montvale office. Includes $2M severance for 79 employees, $3M lease termination, $1M other.
2003-09-30plant_closurein_progress1982003-04-01Louisiana, Oregon, Alabama, United StatesForest ProductsUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Springhill lumber facility, Slaughter Distribution Center, and temporary cessation at Tuskalusa mill. Includes $12M asset write-downs, $5M severance for 198 employees.
2003-09-30plant_closurein_progress2003-04-01New Hampshire, United StatesForest ProductsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of Madison lumber mill. Includes $1M asset write-down and $1M other cash costs. Employee count not specified.
2003-09-30restructuringin_progress1762003-04-01United StatesDistributionUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of duplicative facilities and reduction of operational expenses.
2003-09-30restructuringin_progress4472003-04-01Mississippi, United StatesSpecialty BusinessesUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance charge associated with Natchez mill shutdown. Additional charges recorded in Q3.
2003-09-30restructuringin_progress312003-01-01FranceIndustrial PackagingUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of Creil and Mortagne locations into single complex. Includes $1M severance for 31 employees.
2003-09-30plant_closurein_progress512003-01-01FinlandSpecialty BusinessesUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Valkeakoski plant closure by Arizona Chemical.
2003-09-30plant_closurein_progress1412003-01-012003-07-15Mississippi, United StatesSpecialty BusinessesUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Natchez dissolving pulp mill. Includes $1M asset write-down and $12M severance for 141 employees.
2003-09-30restructuringin_progress1302003-01-01Wisconsin, United StatesSpecialty BusinessesUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring converting operations at Kaukauna facility and release products organization. Includes $1M asset write-down and $5M severance for 130 employees.
2003-09-30restructuringin_progress332003-01-01New ZealandCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Headcount reduction initiative.
2003-06-30restructuringin_progress19United StatesPrinting and Communications PapersUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 charge includes $3M write-down of obsolete equipment and $2M severance for 19 employees in organizational restructuring
2003-06-30restructuringin_progress79United StatesConsumer PackagingUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 charge: rationalization at Clifton and Englewood NJ plants, lease termination at Montvale NJ, organizational restructuring at Bleached Board facilities; $2M severance, $3M lease termination, $1M other
2003-06-30restructuringin_progress198United StatesForest ProductsUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003: shutdowns at Springhill LA, Slaughter OR, Tuskalusa AL (198 employees combined); Madison NH closure (employee count not separately disclosed). Charge includes $13M asset write-downs and $7M severance
2003-06-30restructuringin_progress176United StatesDistribution (xpedx)USD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 severance for 176 employees to consolidate duplicative facilities and reduce ongoing operational expenses
2003-06-30restructuringin_progress4472003-07-15United StatesSpecialty Businesses and OtherUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2003 severance for 447 employees in connection with July 15, 2003 shutdown of Natchez MS mill; additional ~$30M shutdown charges expected in Q3 2003
2003-06-30restructuringin_progress31FranceIndustrial PackagingUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003: reorganization of Creil and Mortagne locations into single complex; $1M severance for 31 employees and $1M other cash costs
2003-06-30plant_closurein_progress51FinlandSpecialty Businesses and Other — Arizona ChemicalUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 severance for 51 employees associated with Valkeakoski Finland plant closure
2003-06-30restructuringin_progress1412003-012003-07-15United StatesSpecialty Businesses and Other — Chemical CelluloseUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003: shutdown of Natchez MS dissolving pulp mill announced January 2003; $1M asset write-down and $12M severance for 141 employees terminated in April 2003
2003-06-30restructuringin_progress130United StatesSpecialty Businesses and Other — Industrial PapersUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003: restructure converting operations at Kaukauna WI, modify release products organization, division-wide productivity actions; $1M asset write-down and $5M severance for 130 employees
2003-06-30restructuringin_progress33New ZealandCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2003 severance for 33 employees in headcount reduction initiative
2003-06-30plant_closurecompleted2003-012003-07-15United StatesSpecialty Businesses and Other — Chemical CelluloseUSD 30 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Natchez MS mill operations ceased July 15, 2003 (post-quarter). Estimated ~$30M additional shutdown charges for environmental and exit costs expected in Q3 2003. Associated severance captured in Q1 and Q2 restructuring records
2003-06-30restructuringannounced2003-07GlobalCorporate / Overheadsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
July 2003 announcement targeting $500M annual overhead cost reduction vs. 2003 budgeted amounts; no employee count disclosed
2003-06-30othercompleted2003-05New ZealandCarter Holt Harvey — Kinleith millMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Labor strike caused ~130,000 tons and ~45,000 tons of downtime in Q1 and Q2 2003 respectively; settlement reached late May 2003 and mill returned to full production
2003-06-30restructuringin_progress192003-06-30United StatesPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs relating to 19 employees associated with an organizational restructuring initiative.
2003-06-30restructuringin_progress792003-06-30New Jersey, United StatesConsumer PackagingUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of 79 employees at Clifton and Englewood plants and Montvale office realignment.
2003-06-30plant_closurein_progress1982003-06-30Louisiana, Oregon, Alabama, United StatesForest ProductsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Springhill lumber facility, Slaughter Industries Distribution Center, and temporary cessation at Tuskalusa lumber mill.
2003-06-30plant_closurein_progress2003-06-30New Hampshire, United StatesForest ProductsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of Madison lumber mill; $1 million asset write-down and $1 million other cash costs. Employee count not specified.
2003-06-30restructuringin_progress1762003-06-30United StatesDistribution (xpedx)USD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of 176 employees to consolidate duplicative facilities.
2003-06-30plant_closurein_progress4472003-06-302003-07-15Mississippi, United StatesSpecialty Businesses (Chemical Cellulose)USD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of 447 employees in connection with the July 15th shutdown of the Natchez mill.
2003-06-30restructuringcompleted312003-03-31FranceIndustrial PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of Creil and Mortagne locations into a single complex; termination of 31 employees.
2003-06-30plant_closurein_progress512003-03-31FinlandSpecialty Businesses (Arizona Chemical)USD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs for 51 employees associated with the Valkeakoski plant closure.
2003-06-30plant_closurein_progress1412003-03-312003-06-30Mississippi, United StatesSpecialty Businesses (Chemical Cellulose)USD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Natchez dissolving pulp mill; termination of 141 employees in April and others upon closure.
2003-06-30restructuringin_progress1302003-03-31Wisconsin, United StatesSpecialty Businesses (Industrial Papers)USD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring converting operations at Kaukauna facility and release products organization.
2003-06-30restructuringin_progress332003-03-31New ZealandCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs for 33 employees associated with a headcount reduction initiative.
2003-06-30othercompleted2003-05-312003-05-31New ZealandCarter Holt HarveyMD&A
f5-10q / Qwen3.6-27B-Q8_0
Labor strike at Carter Holt Harvey's Kinleith mill resulted in downtime; settlement reached in late May.
2003-03-31restructuringin_progress31FranceIndustrial PackagingUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization of Creil and Mortagne locations into a single complex; $1M severance for 31 employees plus $1M other cash costs.
2003-03-31plant_closurein_progress51FinlandSpecialty Businesses and Other — Arizona ChemicalUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance charge for 51 employees associated with the Valkeakoski plant closure.
2003-03-31plant_closurein_progress1412003-012003-06-30United States — Natchez, MississippiSpecialty Businesses and Other — Chemical CelluloseUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Dissolving pulp mill shutdown by mid-2003; Q1 charge includes $1M asset write-down and $12M severance for 141 employees terminated in April. Additional shutdown charges estimated at approximately $40M expected in Q2 2003.
2003-03-31restructuringin_progress130United States — Kaukauna, WisconsinSpecialty Businesses and Other — Industrial PapersUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring of converting operations, release products organization, and division-wide productivity actions; $1M asset write-down and $5M severance for 130 employees.
2003-03-31restructuringin_progress33New ZealandCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance charge for 33 employees under a headcount reduction initiative.
2003-03-31restructuringin_progress1,9892002-04-01MultipleMultiple segmentsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2002 restructuring program covering 1,989 employees; 1,436 terminated as of 2003-03-31. Severance balance of $61M at quarter-end after $43M cash charges in Q1 2003.
2003-03-31otherin_progressNew ZealandCarter Holt Harvey — Pulp and PaperMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strike at the Kinleith mill negatively impacted Pulp and Paper results in Q1 2003; resolution expected to affect Q2 2003 results. No employee count disclosed.
2003-03-31restructuringin_progress312003-03-31FranceIndustrial PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of Creil and Mortagne locations into a single complex.
2003-03-31plant_closurein_progress512003-03-31FinlandSpecialty Businesses and OtherUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Valkeakoski plant closure.
2003-03-31plant_closurein_progress1412003-03-312003-06-30Mississippi, USASpecialty Businesses and OtherUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Natchez dissolving pulp mill shutdown by mid-2003. Terminations in April and upon closure. Additional charges estimated at $40 million in Q2 2003.
2003-03-31restructuringin_progress1302003-03-31Wisconsin, USASpecialty Businesses and OtherUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Kaukauna facility restructuring, release products organization modification, and productivity improvements.
2003-03-31restructuringin_progress332003-03-31New Zealand / AustraliaCarter Holt HarveyUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Headcount reduction initiative.
2003-03-31otherin_progress2003-03-31New ZealandCarter Holt HarveyMD&A
f5-10q / Qwen3.6-27B-Q8_0
Strike at the Kinleith mill negatively impacted Pulp and Paper business.
2002-12-31restructuringin_progress1,9892002-04-01GlobalMultiple segmentsUSD 199 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2002 asset shutdowns and cost reduction actions: $199M pre-tax charge ($130M after taxes/minority interest). Severance charges related to 1,989 employees; 575 terminated as of 2002-12-31. Charge includes $101M Q4, $19M Q3, $79M Q2.
2002-12-31plant_closurecompleted2942002-04-012002-12-31United StatesPrinting PapersUSD 57 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hudson River mill, Corinth NY shutdown. $39M asset write-down, $9M severance for 294 employees, $7M other cash costs. All employees terminated by 2002-12-31. Reduced coated paper capacity by ~100,000 tons.
2002-12-31plant_closurecompleted3272002-10-01United StatesConsumer PackagingUSD 25 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hopkinsville, KY Foodservice plant shutdown. $10M asset write-down, $3M severance for 327 employees, $1M other exit costs. Plant had revenues of $47M and operating losses of $8M in 2002.
2002-12-31reduction_in_forcecompleted2452002-10-01United StatesPrinting Papers — Coated and Supercalendered millsUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduction in force at coated and supercalendered mills covering termination of 245 employees.
2002-12-31restructuringin_progress1022002-04-01United StatesAdministrative Support GroupsUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Second phase of administrative realignment across business and staff support groups. Severance for 102 employees; only 4 terminated as of 2002-12-31.
2002-12-31restructuringin_progress2602002-10-01New ZealandCarter Holt Harvey — Kinleith millUSD 11 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduction in force at Kinleith facility as part of continuing cost structure improvement program.
2002-12-31restructuringin_progress1132002-10-01United StatesConsumer Packaging — FoodserviceUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Foodservice business reorganization plan: $2M asset write-downs, $3M severance for 113 employees, $1M other cash costs.
2002-12-31restructuringin_progress682002-10-01United StatesDistribution (xpedx)USD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Facility consolidation and logistics/selling/admin expense reduction. $1M asset write-downs, $2M severance for 68 employees, $3M other cash costs.
2002-12-31plant_closureannounced2003-01-152003-06-30United StatesSpecialty Businesses — Chemical Cellulose Pulpsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Natchez, Mississippi dissolving pulp mill closure announced January 2003; company to exit Chemical Cellulose Pulp business. Employee count not disclosed.
2002-12-31othercompleted2002-01-012002-12-31United StatesMultiple mills and non-paper operationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Labor agreements ratified at six mills during 2002; 16 labor agreements settled in non-paper mill operations (6 paper converting, 3 building materials, 7 distribution). 24 non-paper mill agreements scheduled for 2003.
2002-12-31restructuringcompleted1,9892002-01-012002-12-31GlobalVariousUSD 199 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Total severance charges for 1,989 employees across Q2, Q3, and Q4 2002. $199M pre-tax charge for asset shutdowns and cost reduction actions.
2002-12-31plant_closurecompleted2942002-04-012002-12-31United StatesPrinting PapersUSD 57 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Permanent shutdown of Hudson River mill in Corinth, NY. $39M asset write-down, $9M severance for 294 employees.
2002-12-31plant_closurecompleted3272002-10-012002-12-31United StatesConsumer PackagingUSD 25 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Hopkinsville, KY Foodservice plant. $10M asset write-down, $3M severance for 327 employees.
2002-12-31reduction_in_forcecompleted2452002-10-012002-12-31United StatesPrinting PapersUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction-in-force plan in coated papers mills. $18M severance for 245 employees.
2002-12-31reduction_in_forcecompleted1132002-10-012002-12-31United StatesConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Business reorganization plan for Foodservice group. $3M severance for 113 employees.
2002-12-31reduction_in_forcecompleted562002-10-012002-12-31United StatesIndustrial PackagingUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Consolidation of duplicative facilities at Las Palmas. $3M severance for 56 employees.
2002-12-31reduction_in_forcecompleted682002-10-012002-12-31United StatesDistributionUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Consolidation of duplicative facilities in xpedx. $2M severance for 68 employees.
2002-12-31reduction_in_forcecompleted1452002-04-012002-12-31United StatesDistributionUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Consolidation of duplicative facilities in xpedx. $7M severance for 145 employees.
2002-12-31reduction_in_forcecompleted1022002-04-012002-12-31United StatesCorporateUSD 12 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Realignment of administrative functions. $12M severance for 102 employees.
2002-12-31reduction_in_forcecompleted522002-04-012002-12-31United StatesPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamline and realign administrative functions. $2M severance for 52 employees.
2002-12-31reduction_in_forcecompleted802002-10-012002-12-31EuropePrinting PapersUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring plan at Maresquel, France plant. $7M severance for 80 employees.
2002-12-31reduction_in_forcecompleted2602002-10-012002-12-31New ZealandCarter Holt HarveyUSD 11 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction in force at Kinleith facility. $11M severance for 260 employees.
2002-12-31reduction_in_forcecompleted1022002-07-012002-12-31New ZealandCarter Holt HarveyUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Job reductions at Kinleith mill and packaging operations in Australia. $7M severance for 102 employees (45 at Kinleith, 45 in Australia, 12 others implied or rounded).
2002-12-31reduction_in_forcecompleted432002-07-012002-12-31United StatesSpecialty BusinessesUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cost reduction in Arizona Chemical U.S. operations. $3M severance for 43 employees.
2002-12-31reduction_in_forcecompleted112002-10-012002-12-31United StatesSpecialty BusinessesUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Headcount reduction in Chemicals group. $3M severance for 11 employees.
2002-12-31reduction_in_forcecompleted462002-10-012002-12-31EuropeSpecialty BusinessesUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring at Polyrey facility in France. $2M severance for 46 employees.
2002-12-31plant_closureannounced2003-01-012003-06-30United StatesSpecialty Businessessubsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Announced closure of Natchez, Mississippi dissolving pulp mill in mid-2003.
2002-09-30restructuringin_progress432002-09-30United StatesSpecialty Businesses and Other — Arizona Chemical U.S. operationsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Termination of 43 employees to reduce costs; disclosed only as third quarter 2002, date shown is quarter end. Part of $19M pre-tax special charge ($10M severance and other, $9M asset write-downs).
2002-09-30restructuringin_progress1022002-09-30New ZealandCarter Holt Harvey — Kinleith millrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Job reductions at Kinleith mill, part of a continuing program to improve mill cost structure. Carter Holt Harvey severance and other charge of $7M covers both this action and the Australia packaging action; charge not allocated between them.
2002-09-30restructuringin_progress452002-09-30AustraliaCarter Holt Harvey — packaging operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Job reductions at Australian packaging operations. Carter Holt Harvey severance and other charge of $7M covers both this action and the Kinleith action; charge not allocated between them.
2002-09-30plant_closurecompleted2942002-06-302002-12-31United StatesPrinting Papers — Hudson River, New York millUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Mill shutdown approved in Q2 2002 because specialty products were not competitive; mill closed November 2002 and assets marketed for sale. Charge shown is severance only; also $39M asset write-down to ~$5M realizable value and $7M other cash costs. Disclosed only as second quarter 2002, date shown is quarter end.
2002-09-30restructuringin_progress522002-06-30United StatesPrinting Papers — administrative functionsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Terminations tied to a plan to streamline and realign administrative functions at several locations. Disclosed only as second quarter 2002, date shown is quarter end.
2002-09-30restructuringin_progress1452002-06-30United StatesDistribution (xpedx)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Terminations as part of a plan to reduce operating and selling costs. Disclosed only as second quarter 2002, date shown is quarter end.
2002-09-30restructuringin_progress1022002-06-30United StatesAdministrative Support GroupsUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second phase of a cost reduction program initiated in Q2 2001 to realign administrative functions across business and staff support groups. Disclosed only as second quarter 2002, date shown is quarter end.
2002-09-30restructuringin_progress432002-07-01United StatesSpecialty Businesses and Other (Arizona Chemical)USD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of employees to reduce costs.
2002-09-30restructuringin_progress1022002-07-01New ZealandCarter Holt Harvey (Kinleith mill)USD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance for job reductions at Kinleith mill.
2002-09-30restructuringin_progress452002-07-01AustraliaCarter Holt Harvey (Packaging operations)USD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance for job reductions at packaging operations. Charge combined with NZ mill in footnote table.
2002-09-30restructuringin_progress2942002-04-012002-12-31United States (New York)Printing Papers (Hudson River mill)USD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill. Mill closed in November 2002.
2002-09-30restructuringin_progress522002-04-01United StatesPrinting Papers (Administrative)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination in conjunction with plan to streamline administrative functions.
2002-09-30restructuringin_progress1452002-04-01United StatesDistribution (xpedx)USD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination to reduce operating and selling costs.
2002-09-30restructuringin_progress1022002-04-01United StatesAdministrative Support GroupsUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Second phase of cost reduction program to realign administrative functions.
2002-06-30plant_closurein_progress2942002-12-31United States (Hudson River, New York)Printing PapersUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Mill shutdown approved in Q2 2002; $9M severance for 294 employees plus $7M other cash costs; mill assets being marketed for sale. Part of the $79M Q2 2002 special charge ($42M asset write-downs, $37M severance and other).
2002-06-30restructuringin_progress52United StatesPrinting Papers (administrative functions)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge related to terminating 52 employees as part of streamlining and realigning administrative functions at several locations.
2002-06-30restructuringin_progress145United StatesDistribution (xpedx)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance for 145 employees under plan to consolidate duplicate facilities and eliminate excess internal capacity.
2002-06-30restructuringin_progress102United StatesAdministrative Support Groups (corporate)USD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second phase of cost reduction program realigning administrative functions across business and staff support groups; terminated 102 employees.
2002-06-30restructuringin_progressUnited StatesConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First phase of plan to consolidate duplicate facilities and eliminate excess internal capacity; $3M asset write-down to salvage value. No employee count disclosed.
2002-06-30restructuringin_progress1,178United StatesMultiple segmentsUSD 49 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First-quarter 2002 cash charges under the 2001 restructuring plans covering 1,178 employees; roll-forward balance at 2002-06-30 was $161M for 458 employees.
2002-06-30restructuringin_progress756United StatesMultiple segmentsUSD 41 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second-quarter 2002 cash charges under the 2001 restructuring plans (756 employees, $41M). Cash-charge count differs from the 593 employees in the newly approved Q2 2002 actions because it also reflects payments against prior accruals; a $3M reserve reversal covered 314 employees.
2002-06-30restructuringin_progress58United StatesMultiple segments (2000 restructuring plan)USD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First-quarter 2002 cash payments under the 2000 restructuring plan covering 58 employees; $45M remained at 2002-06-30.
2002-06-30restructuringin_progress270United StatesMultiple segments (2000 restructuring plan)USD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second-quarter 2002 cash payments under the 2000 restructuring plan covering 270 employees; $45M remained at 2002-06-30.
2002-06-30restructuringin_progress2942002-06-30New York, USAPrinting PapersUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill; $9M severance for 294 employees.
2002-06-30restructuringin_progress522002-06-30USAPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining administrative functions; $2M charge for 52 employees.
2002-06-30restructuringin_progress1452002-06-30USADistributionUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of duplicate facilities; $7M severance for 145 employees.
2002-06-30restructuringin_progress1022002-06-30USAAdministrative Support GroupsUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realignment of administrative functions; $12M severance for 102 employees.
2002-03-31restructuringin_progress1,178GlobalMultiple segments — asset shutdowns of excess internal capacity and cost reduction actionsUSD 49 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash charges during Q1 2002 under the 2001 restructuring plan; severance and other costs roll-forward shows 1,178 employees affected. An additional $3M reserve reversal (3 employees) also recorded in Q1 2002. Balance at March 31, 2002: 1,528 employees remaining under the plan.
2002-03-31restructuringin_progress58GlobalMultiple segments — 2000 restructuring plan (asset shutdowns and cost reduction)USD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash payments during Q1 2002 under the 2000 restructuring plan; 58 employees affected. Remaining balance at March 31, 2002 was $58 million.
2002-03-31divestiture_reductionannounced2002-04-01North AmericaForest Products — Oriented Strand Board facilitiessubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold Oriented Strand Board facilities to Nexfor Inc. for $250 million on April 1, 2002. No headcount associated with the divestiture disclosed.
2002-03-31divestiture_reductionannounced2002-05-01North AmericaOther Businesses — Decorative Products Divisionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Decorative Products Division to an affiliate of Kohlberg & Company announced May 1, 2002; subject to due diligence, Board and regulatory approvals. No headcount disclosed.
2002-03-31restructuringin_progress1,178USD 49 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cash charges for severance and other costs related to 2001 restructuring plans.
2002-03-31restructuringin_progress58USD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cash payments relating to 2000 restructuring plans.
2001-12-31plant_closurein_progress2082001-06United StatesPrinting PapersUSD 19 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hudson River mill No. 3 paper machine in Corinth, NY; 207 of 208 employees terminated as of Dec 31, 2001
2001-12-31restructuringcompleted822001-06United StatesPrinting PapersUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Streamlining and realignment of administrative functions at several locations; all 82 employees terminated as of Dec 31, 2001
2001-12-31plant_closurein_progress3632001-06United StatesConsumer PackagingUSD 179 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Moss Point, Mississippi mill shutdown; 360 of 363 employees terminated as of Dec 31, 2001
2001-12-31plant_closurein_progress3272001-06United StatesConsumer PackagingUSD 17 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Clinton, Iowa facility shutdown; 302 of 327 employees terminated as of Dec 31, 2001
2001-12-31restructuringin_progress4022001-06United StatesConsumer PackagingUSD 24 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduce excess internal capacity and streamline administrative functions; 390 of 402 employees terminated as of Dec 31, 2001
2001-12-31plant_closurecompleted2902001-06United StatesIndustrial PackagingUSD 73 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Savannah, Georgia mill machines No. 2, 4, and 6 shutdown; all 290 employees terminated as of Dec 31, 2001
2001-12-31restructuringcompleted1462001-06United StatesIndustrial PackagingUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Streamline and realign administrative functions; all 146 employees terminated as of Dec 31, 2001
2001-12-31restructuringin_progress1232001-06United StatesIndustrial PapersUSD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduce excess internal capacity and streamline administrative functions; 105 of 123 employees terminated as of Dec 31, 2001
2001-12-31restructuringcompleted1302001-06United StatesForest ProductsUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reorganization of regional operating structure and streamlining of administrative functions; all 130 employees terminated as of Dec 31, 2001
2001-12-31restructuringin_progress3942001-06United StatesDistributionUSD 25 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
xpedx consolidate duplicate facilities and eliminate excess internal capacity; 291 of 394 employees terminated as of Dec 31, 2001
2001-12-31plant_closurecompleted2001-06New ZealandCarter Holt HarveyUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mataura mill permanent shutdown; asset write-down only, no 2001 employee count disclosed
2001-12-31restructuringin_progress9852001-06United StatesCorporateUSD 75 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cost reduction program to realign administrative functions across all business and staff support groups; 788 of 985 employees terminated as of Dec 31, 2001
2001-12-31plant_closurein_progress7972001-09United StatesPrinting PapersUSD 135 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Erie, Pennsylvania mill shutdown due to excess capacity and non-competitive costs; 183 of 797 employees terminated as of Dec 31, 2001
2001-12-31restructuringin_progress3002001-09United StatesConsumer PackagingUSD 116 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Exit Aseptic Packaging business; assets written down to estimated realizable value; 105 of 300 employees terminated as of Dec 31, 2001
2001-12-31plant_closurein_progress792001-09United StatesDistributionUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Nationwide Kansas City, Missouri distribution center shutdown; 4 of 79 employees terminated as of Dec 31, 2001
2001-12-31restructuringin_progress1082001-12United StatesPrinting PapersUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Riegelwood, NC mill reorganization ($10M) and additional Erie, PA shutdown severance ($8M); termination count not separately disclosed
2001-12-31restructuringin_progress5932001-12United StatesConsumer PackagingUSD 50 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reduce excess internal capacity and improve profitability across domestic converting business; termination count not separately disclosed
2001-12-31plant_closureannounced1022001-12United StatesIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Oswego, New York containerboard mill shutdown; charge recorded in Q4 2001; MD&A states announced January 2002
2001-12-31plant_closurein_progress1502001-12United StatesIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Second phase of Savannah, Georgia mill rationalization involving shutdown of boilers and washers; termination count not separately disclosed
2001-12-31plant_closureannounced1852001-12United StatesForest ProductsUSD 21 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Morton, Mississippi lumber mill shutdown; charge recorded in Q4 2001; MD&A states announced January 2002
2001-12-31restructuringin_progress3252001-12United StatesDistributionUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
xpedx consolidate duplicate facilities and eliminate excess internal capacity; termination count not separately disclosed
2001-12-31restructuringcompleted6,0892001-01-012001-12-31GlobalVariousUSD 892 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Total severance and other charges for 2001 restructuring plans. Includes asset shutdowns and cost reduction actions across Printing Papers, Packaging, Distribution, Forest Products, and Corporate.
2001-12-31plant_closurecompleted7972001-09-012001-12-31United StatesPrinting PapersUSD 116 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Erie, Pennsylvania mill. $92M asset write-down, $24M severance, $19M other.
2001-12-31plant_closurecompleted3632001-06-012001-12-31United StatesConsumer PackagingUSD 179 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Moss Point, Mississippi mill. $138M asset write-down, $21M severance, $20M other.
2001-12-31plant_closurecompleted3272001-06-012001-12-31United StatesConsumer PackagingUSD 17 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Clinton, Iowa facility. $7M asset write-down, $7M severance, $3M other.
2001-12-31plant_closurecompleted2902001-06-012001-12-31United StatesIndustrial PackagingUSD 73 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Savannah, Georgia mill No. 2, No. 4 and No. 6 paper machines. $62M asset write-down, $11M severance.
2001-12-31plant_closurecompleted1852001-12-012001-12-31United StatesForest ProductsUSD 21 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Morton, Mississippi lumber mill. $12M asset write-down, $3M severance, $6M other.
2001-12-31restructuringcompleted9852001-06-012001-12-31GlobalCorporateUSD 75 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cost reduction program to realign administrative functions across all business and staff support groups.
2001-12-31restructuringcompleted3942001-06-012001-12-31United StatesDistributionUSD 25 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
xpedx plan to consolidate duplicate facilities. $4M asset write-down, $14M severance, $7M other.
2001-12-31restructuringcompleted3252001-12-012001-12-31United StatesDistributionUSD 16 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
xpedx plan to consolidate duplicate facilities. $2M asset write-down, $11M severance, $3M other.
2001-12-31restructuringcompleted3002001-09-012001-12-31GlobalConsumer PackagingUSD 116 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Exit from Aseptic Packaging business. $89M asset write-down, $15M severance, $12M other.
2001-12-31restructuringcompleted2082001-06-012001-12-31United StatesPrinting PapersUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill No. 3 paper machine. $9M asset write-down, $10M severance.
2001-12-31restructuringcompleted1502001-12-012001-12-31United StatesIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reconfiguration of Savannah, Georgia mill. $14M asset write-down, $11M severance, $1M other.
2001-12-31restructuringcompleted1462001-06-012001-12-31United StatesIndustrial PackagingUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamline and realign administrative functions.
2001-12-31restructuringcompleted1302001-06-012001-12-31United StatesForest ProductsUSD 13 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reorganization of regional operating structure. $1M asset write-down, $9M severance, $3M other.
2001-12-31restructuringcompleted1232001-06-012001-12-31United StatesOther BusinessesUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Industrial Papers capacity reduction. $3M asset write-down, $5M severance.
2001-12-31restructuringcompleted1082001-12-012001-12-31United StatesPrinting PapersUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reorganization of Riegelwood, NC mill and additional severance for Erie, PA shutdown.
2001-12-31restructuringcompleted1022001-12-012001-12-31United StatesIndustrial PackagingUSD 26 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Oswego, New York containerboard mill. $17M asset write-down, $7M severance, $2M other.
2001-12-31restructuringcompleted822001-06-012001-12-31United StatesPrinting PapersUSD 13 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamline and realign administrative functions. $6M severance, $7M other.
2001-12-31restructuringcompleted792001-09-012001-12-31United StatesDistributionUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Nationwide Kansas City, MO distribution center. $2M asset write-down, $2M severance, $1M other.
2001-12-31restructuringcompleted5932001-12-012001-12-31United StatesConsumer PackagingUSD 50 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduce excess internal capacity in domestic converting business. $29M asset write-down, $12M severance, $9M other.
2001-12-31restructuringcompleted4022001-06-012001-12-31United StatesConsumer PackagingUSD 24 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduce excess internal capacity and streamline administrative functions. $6M asset write-down, $15M severance, $3M other.
2001-09-30plant_closurein_progress797United States — Erie, PennsylvaniaPrinting PapersUSD 135 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent mill shutdown due to excess pulp/paper capacity and non-competitive costs. Charge comprises $92M asset write-down to salvage value, $24M severance for 797 employees, and $19M other cash costs.
2001-09-30plant_closurein_progress300United StatesConsumer Packaging — Aseptic packagingUSD 116 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to exit the Aseptic packaging business via permanent shutdown or sale of facilities. Charge comprises $89M asset write-down to realizable value, $15M severance for 300 employees, and $12M other cash costs.
2001-09-30plant_closurein_progress79United States — Kansas City, MissouriDistribution (xpedx)USD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of Nationwide distribution center to eliminate excess internal capacity. Charge comprises $2M asset write-down, $2M severance for 79 employees, and $1M other cash costs.
2001-09-30restructuringin_progress7972001-09-30Erie, PennsylvaniaPrinting PapersUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Erie mill due to excess capacity and non-competitive costs. Charge includes $92M asset write-down and $19M other costs.
2001-09-30restructuringin_progress3002001-09-30VariousConsumer PackagingUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Exit from Aseptic packaging business. Includes permanent shutdown or sale of facilities. Charge includes $89M asset write-down and $12M other costs.
2001-09-30restructuringin_progress792001-09-30Kansas City, MissouriDistributionUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Nationwide Kansas City distribution center. Charge includes $2M asset write-down and $1M other costs.
2001-09-30restructuringin_progress2082001-06-30Corinth, New YorkPrinting PapersUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Hudson River mill No. 3 paper machine. Charge includes $9M asset write-down.
2001-09-30restructuringin_progress822001-06-30VariousPrinting PapersUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining and realigning administrative functions. Charge includes $7M other costs.
2001-09-30restructuringin_progress3632001-06-30Moss Point, MississippiConsumer PackagingUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Moss Point mill. Charge includes $138M asset write-down and $20M other costs.
2001-09-30restructuringin_progress3272001-06-30Clinton, IowaConsumer PackagingUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Clinton facility. Charge includes $7M asset write-down and $3M other costs.
2001-09-30restructuringin_progress4022001-06-30VariousConsumer PackagingUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of excess internal capacity and streamlining administrative functions. Charge includes $6M asset write-down and $3M other costs.
2001-09-30restructuringin_progress2902001-06-30Savannah, GeorgiaIndustrial PackagingUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Savannah mill No. 2, No. 4 and No. 6 paper machines. Charge includes $62M asset write-down.
2001-09-30restructuringin_progress1462001-06-30VariousIndustrial PackagingUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining and realigning administrative functions.
2001-09-30restructuringin_progress1232001-06-30VariousIndustrial PapersUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of excess internal capacity and streamlining administrative functions. Charge includes $3M asset write-down.
2001-09-30restructuringin_progress1002001-06-30VariousForest ProductsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of regional operating structure and streamlining administrative functions. Charge includes $1M asset write-down and $3M other costs.
2001-09-30restructuringin_progress3942001-06-30VariousDistributionUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of duplicate facilities and elimination of excess internal capacity. Charge includes $4M asset write-down and $7M other costs.
2001-09-30restructuringin_progress2001-06-30MatauraCarter Holt Harveyrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Mataura mill. Charge of $10M to write down assets to fair value of zero. Employee count not specified.
2001-09-30restructuringin_progress9852001-06-30VariousAdministrative Support GroupsUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cost reduction program to realign administrative functions across all business and staff support groups.
2001-06-30plant_closurein_progress2902001-06-30United States (New York)Printing PapersUSD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Indefinite shutdown of Hudson River mill No. 3 machine (208 employees) plus administrative realignment (82 employees). Includes $9M asset write-down and $23M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2001.
2001-06-30plant_closurein_progress1,0922001-06-30United States (Mississippi, Iowa)Consumer PackagingUSD 220 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Moss Point mill shutdown (363 employees), Clinton facility shutdown announced (327 employees), plus capacity reduction and admin streamlining (402 employees). Includes $151M asset write-downs and $69M severance/other. Filer states action taken in June 2001.
2001-06-30plant_closurein_progress4362001-06-30United States (Georgia)Industrial PackagingUSD 82 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Indefinite shutdown of Savannah mill No. 2, 4 and 6 machines (290 employees) plus administrative realignment (146 employees). Includes $62M asset write-downs and $20M severance/other.
2001-06-30restructuringin_progress1232001-06-30United StatesIndustrial PapersUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capacity reduction and administrative streamlining plan. Includes $3M asset write-downs and $5M severance.
2001-06-30restructuringin_progress1002001-06-30United StatesForest ProductsUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization of regional operating structure and administrative streamlining. Includes $1M asset write-downs and $12M severance/other.
2001-06-30restructuringin_progress3942001-06-30United StatesDistribution (xpedx)USD 25 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of duplicate facilities and elimination of excess internal capacity. Includes $4M asset write-downs and $21M severance/other.
2001-06-30plant_closurein_progress2001-06-30New ZealandCarter Holt HarveyUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of Mataura mill, previously idled. Assets written down to zero fair value. No employee count disclosed.
2001-06-30restructuringin_progress9852001-06-30GlobalAdministrative Support GroupsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cost reduction program realigning administrative functions across all business and staff support groups. Severance charge only, no asset write-down.
2001-06-30divestiture_reductioncompleted2001-08-012001-08-31United StatesFlexible Packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Flexible Packaging business to Exo-Tech Packaging LLC (Sterling Group). No headcount disclosed. Filer states August 2001 without specific date.
2001-06-30divestiture_reductioncompleted2001-07-012001-07-31United States (New York)Curtis/Palmer hydroelectric generating projectsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of hydroelectric project to TransCanada Pipelines Limited. No headcount disclosed. Filer states July 2001 without specific date.
2001-06-30restructuringin_progress2082001-06-30United StatesPrinting PapersUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of employees due to shutdown of Hudson River mill No. 3 paper machine.
2001-06-30restructuringin_progress822001-06-30United StatesPrinting PapersUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining and realigning administrative functions.
2001-06-30plant_closurein_progress3632001-06-30United StatesConsumer PackagingUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Moss Point, Mississippi mill.
2001-06-30plant_closurein_progress3272001-06-30United StatesConsumer PackagingUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Clinton, Iowa facility.
2001-06-30restructuringin_progress4022001-06-30United StatesConsumer PackagingUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan to reduce excess internal capacity and streamline administrative functions.
2001-06-30plant_closurein_progress2902001-06-30United StatesIndustrial PackagingUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Indefinite shutdown of Savannah, Georgia mill No. 2, No. 4 and No. 6 paper machines.
2001-06-30restructuringin_progress1462001-06-30United StatesIndustrial PackagingUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining and realigning administrative functions.
2001-06-30restructuringin_progress1232001-06-30United StatesIndustrial PapersUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan to reduce excess capacity and streamline administrative functions.
2001-06-30restructuringin_progress1002001-06-30United StatesForest ProductsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of regional operating structure and streamlining of administrative functions.
2001-06-30restructuringin_progress3942001-06-30United StatesDistributionUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of duplicate facilities and elimination of excess internal capacity by xpedx.
2001-06-30plant_closurein_progress2001-06-30New ZealandCarter Holt Harveyrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent shutdown of Mataura mill; employee count not specified, only asset write-down of $10 million disclosed.
2001-06-30restructuringin_progress9852001-06-30GlobalAdministrative Support GroupsUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cost reduction program to realign administrative functions across all business and staff support groups.
2001-03-31restructuringin_progress1,744GlobalMultiple segments — asset shutdowns and cost reductionUSD 86 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash charges in Q1 2001 for 1,744 employees; severance balance at 2001-03-31 covers 1,508 employees. Part of broader $824M pre-tax program from last three quarters of 2000.
2001-03-31plant_closureannounced3752001-04-262001-06-30United States — Moss Point, MississippiPrinting Papers — Bleached Board facilityUSD 200 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Planned indefinite closure of one-paper-machine mill; pre-tax charge of approximately $200M expected in Q2 2001, covering this closure and the Flexible Packaging sale.
2001-03-31divestiture_reductionannounced2001-05-09GlobalIndustrial and Consumer Packaging — Flexible Packaging divisionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Flexible Packaging division announced 2001-05-09; headcount impact not disclosed. Combined pre-tax charge with Moss Point closure estimated at ~$200M in Q2 2001.
2001-03-31acquisition_additioncompleted2000-06-202000-06-20United StatesPrinting Papers, Packaging, Forest Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Champion International acquisition completed 2000-06-20; headcount added not disclosed in this filing.
2001-03-31divestiture_reductioncompletedUnited States — Washington StateForest Products — forestlandsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of ~265,000 acres of forestlands for $500M proceeds in March 2001; associated headcount not disclosed.
2001-03-31divestiture_reductioncompletedUnited StatesOther Businesses — oil and gas propertiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Conveyance of oil and gas properties to Pure Resources in January 2001, valued ~$260M; headcount impact not disclosed.
2001-03-31divestiture_reductioncompletedEurope — GermanyOther Businesses — Fine Papers (Zanders Feinpapiere AG)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Zanders Feinpapiere AG interest to Metsa Serla for ~$120M in January 2001; headcount impact not disclosed.
2001-03-31restructuringin_progress1,7442000-10-01USD 86 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cash charges for severance and other costs related to asset shutdowns and cost reduction actions initiated in late 2000. 1,744 employees affected in Q1 2001.
2001-03-31plant_closureannounced3752001-04-262001-06-30Moss Point, MississippiBleached Boardsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Planned indefinite closure of Bleached Board facility. Part of a broader action expected to require a pre-tax charge of approximately $200 million in Q2 2001.
2001-03-31divestiture_reductionannounced2001-05-09Flexible Packagingsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement entered to sell Flexible Packaging division. Employee count not specified.
2000-12-31plant_closurein_progress7602000-10-18United StatesPrinting PapersUSD 31 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Indefinite closure of Mobile, Alabama mill; assets written down to salvage value
2000-12-31plant_closurein_progress5892000-10-18United StatesPrinting PapersUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent closure of Lock Haven, Pennsylvania mill; assets written down to salvage value
2000-12-31plant_closurein_progress2392000-10-18Jamaica; United StatesIndustrial and Consumer PackagingUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shutdowns of beverage packaging plant in Jamaica and packaging facility in Cincinnati, Ohio
2000-12-31plant_closurein_progress6132000-10-18United StatesIndustrial and Consumer PackagingUSD 24 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of Camden, Arkansas mill due to declining kraft paper market and excess capacity
2000-12-31plant_closurein_progress832000-10-18ItalyIndustrial and Consumer PackagingUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shutdown of Pedemonte, Italy container plant
2000-12-31plant_closurein_progress612000-10-182001-12-31United StatesChemicals and PetroleumUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Partial closure of Oakdale, Louisiana plant; remainder to close by end of 2001
2000-12-31plant_closurein_progress2642000-10-18United StatesForest ProductsUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shutdown of Washington, Georgia lumber mill due to unfavorable market conditions
2000-12-31restructuringin_progress4332000-10-18United StatesDistributionUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
xpedx restructuring to consolidate duplicate facilities and eliminate excess capacity
2000-12-31restructuringin_progress1452000-10-18New Zealand; AustraliaCarter Holt HarveyUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cost reduction actions primarily in tissue and packaging businesses
2000-12-31plant_closurecompleted1192000-06-302000-08-31United StatesPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of Millers Falls, Massachusetts mill in August 2000; all employees terminated by year-end
2000-12-31reduction_in_forcein_progress1082000-06-30United StatesPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance for 108 salaried positions at Franklin, Virginia mill; 103 terminated by year-end
2000-12-31plant_closurein_progress1262000-06-302000-06-30United StatesIndustrial and Consumer PackagingUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of Richmond, Virginia facility in June 2000; 125 of 126 employees terminated by year-end
2000-12-31plant_closurein_progress1872000-06-30United StatesIndustrial and Consumer PackagingUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Permanent idling of lithographic department at Clinton, Iowa facility; 151 of 187 terminated by year-end
2000-12-31reduction_in_forcecompleted172000-06-30United StatesIndustrial and Consumer PackagingUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance to streamline Consumer Packaging business; all employees terminated by year-end
2000-12-31plant_closurein_progress1202000-06-302000-12-31United StatesIndustrial and Consumer PackagingUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of Knoxville, Tennessee converting facility in December 2000; 106 of 120 terminated by year-end
2000-12-31plant_closurein_progress2212000-06-30United StatesIndustrial and Consumer PackagingUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shutdown of Tupelo, Mississippi sheet plant; 212 of 221 terminated by year-end
2000-12-31plant_closurecompleted1582000-06-30New ZealandCarter Holt HarveyUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Indefinite shutdown of Mataura paper mill; all employees terminated by year-end
2000-12-31restructuringcompleted2751999-04-302000-09-30United StatesCorporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger integration benefits program completed Q3 2000; 275 employees terminated in 2000 (cumulative program total: 1,062)
2000-12-31acquisition_additioncompleted2000-06-202000-06-20United StatesMultiple segmentsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Champion International acquisition completed for approximately $5 billion cash and 68.7 million shares; headcount not disclosed
2000-12-31acquisition_additioncompleted2000-03-312000-03-31United StatesIndustrial and Consumer Packagingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging acquisition for approximately $640 million cash plus $280 million assumed debt; headcount not disclosed
2000-12-31restructuringcompleted1,0621999-04-302000-12-31GlobalUnion Camp Merger IntegrationUSD 148 (millions)Item 1. Business - Employees
f5-10k / Qwen3.6-27B-Q8_0
Completed in 2000. 1,062 employees of the combined company eliminated. Charge recorded in 1999.
2000-12-31restructuringcompleted5401998-01-012000-12-31GlobalUnion Camp Pre-Merger RestructuringItem 1. Business - Employees
f5-10k / Qwen3.6-27B-Q8_0
540 positions eliminated under a plan implemented in 1998 before the merger.
2000-12-31restructuringcompleted6002000-01-012000-12-31GlobalUnion Camp Merger Integration (Non-Benefited)Item 1. Business - Employees
f5-10k / Qwen3.6-27B-Q8_0
Approximately 600 additional positions eliminated where individuals were not eligible for benefits under the formal programs.
2000-12-31restructuringcompleted1192000-08-012000-12-31United StatesPrinting PapersUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 119 employees due to excess internal capacity.
2000-12-31restructuringcompleted1082000-01-012000-12-31United StatesPrinting PapersUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Elimination of 108 salaried positions to improve cost effectiveness.
2000-12-31restructuringcompleted1262000-06-012000-12-31United StatesConsumer PackagingUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 126 employees.
2000-12-31restructuringcompleted1872000-01-012000-12-31United StatesConsumer PackagingUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 187 employees from idled lithographic department.
2000-12-31restructuringcompleted172000-01-012000-12-31United StatesConsumer PackagingUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 17 employees.
2000-12-31restructuringcompleted1202000-12-012000-12-31United StatesIndustrial PapersUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 120 employees.
2000-12-31restructuringcompleted2212000-01-012000-12-31United StatesIndustrial PackagingUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 221 employees.
2000-12-31restructuringcompleted1582000-01-012000-12-31New ZealandCarter Holt HarveyUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 158 employees.
2000-12-31restructuringcompleted7602000-10-012000-12-31United StatesPrinting PapersUSD 31 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 760 employees.
2000-12-31restructuringcompleted5892000-10-012000-12-31United StatesPrinting PapersUSD 16 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 589 employees.
2000-12-31restructuringcompleted2392000-10-012000-12-31GlobalConsumer PackagingUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 239 employees.
2000-12-31restructuringcompleted6132000-10-012000-12-31United StatesIndustrial PackagingUSD 24 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 613 employees.
2000-12-31restructuringcompleted832000-10-012000-12-31ItalyIndustrial PackagingUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 83 employees.
2000-12-31restructuringcompleted612000-10-012000-12-31United StatesChemicals and PetroleumUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 61 employees.
2000-12-31restructuringcompleted2642000-10-012000-12-31United StatesForest ProductsUSD 7 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 264 employees.
2000-12-31restructuringcompleted4332000-10-012000-12-31United StatesDistributionUSD 15 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 433 employees.
2000-12-31restructuringcompleted1452000-10-012000-12-31New ZealandCarter Holt HarveyUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of 145 employees.
2000-12-31restructuringcompleted1,0621999-04-302000-12-31United StatesCombined companyUSD 148 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger integration benefits program completed during 2000; $148M charge is program total recorded in 1999. Cumulative Union Camp merger-related reductions totaled approximately 2,200 versus 1998 budget, including 540 from a pre-merger restructuring plan and approximately 600 not eligible for benefits programs
2000-12-31acquisition_additioncompleted2000-06-202000-06-20United States, Canada, BrazilPrinting Papers, Forest Products, Distributionbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Champion International Corporation acquisition completed June 20, 2000; employee headcount added not disclosed
2000-12-31acquisition_additioncompleted2000-03-312000-03-31United StatesConsumer Packagingbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging Corporation acquisition completed March 31, 2000; employee headcount added not disclosed
2000-12-31plant_closurecompleted1192000-06-302000-12-31Massachusetts, United StatesPrinting PapersUSD 27 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Millers Falls mill shut down August 2000 due to excess internal capacity; all 119 employees terminated by December 31, 2000. Charge includes $22M asset write-down, $2M severance, $3M other exit costs
2000-12-31reduction_in_forcein_progress1082000-06-30Virginia, United StatesPrinting PapersUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Elimination of 108 salaried positions at Franklin mill for cost effectiveness; 103 employees terminated by December 31, 2000
2000-12-31plant_closurein_progress1262000-06-30Virginia, United StatesConsumer PackagingUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Richmond facility shut down June 2000 following Shorewood acquisition; 125 of 126 employees terminated by December 31, 2000
2000-12-31plant_closurein_progress1872000-06-30Iowa, United StatesConsumer PackagingUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Lithographic department of Clinton facility permanently idled; 151 of 187 employees terminated by December 31, 2000
2000-12-31reduction_in_forcecompleted172000-06-302000-12-31United StatesConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance reserve to streamline Consumer Packaging business; all 17 employees terminated by December 31, 2000
2000-12-31plant_closurein_progress1202000-06-30Tennessee, United StatesIndustrial PapersUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Knoxville converting facility shut down December 2000; head count reduced by 106 employees by December 31, 2000
2000-12-31plant_closurein_progress2212000-06-30Mississippi, United StatesIndustrial PackagingUSD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Tupelo sheet plant shutdown; 212 of 221 employees terminated by December 31, 2000
2000-12-31plant_closurecompleted1582000-06-302000-12-31New ZealandCarter Holt HarveyUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mataura paper mill indefinite closure; all 158 employees terminated by December 31, 2000
2000-12-31plant_closurein_progress7602000-10-18Alabama, United StatesPrinting PapersUSD 295 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mobile mill indefinite shutdown announced Q4 2000; charge includes $223M asset write-down, $31M severance, $41M other exit costs
2000-12-31plant_closurein_progress5892000-10-18Pennsylvania, United StatesPrinting PapersUSD 101 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Lock Haven mill staged closure announced Q4 2000; charge includes $70M asset write-down, $16M severance, $15M other exit costs
2000-12-31plant_closurein_progress2392000-12-31Jamaica; Ohio, United StatesConsumer PackagingUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Beverage packaging plant in Jamaica and packaging facility in Cincinnati closed; charge excludes separate $80M aseptic business impairment
2000-12-31plant_closurein_progress6132000-10-18Arkansas, United StatesIndustrial PackagingUSD 141 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Camden mill closed due to declining kraft paper market and excess capacity; charge includes $102M asset write-down, $24M severance, $15M other exit costs
2000-12-31plant_closurein_progress832000-12-31ItalyIndustrial PackagingUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pedemonte container plant shutdown; charge includes $2M asset write-down, $3M severance, $4M other exit costs
2000-12-31plant_closurein_progress612000-12-312001-12-31Louisiana, United StatesChemicals and PetroleumUSD 34 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Oakdale plant partial shutdown at end of 2000 with remainder to close by end of 2001; charge includes $16M asset write-down, $1M severance, $17M other exit costs
2000-12-31plant_closurein_progress2642000-12-31Georgia, United StatesForest ProductsUSD 35 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Washington lumber mill shutdown due to unfavorable market conditions; $35M charge also includes restructuring costs associated with Mobile mill closure
2000-12-31restructuringin_progress4332000-12-31United StatesDistributionUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
xpedx restructuring to consolidate duplicate facilities and eliminate excess capacity; charge includes $3M asset write-down, $15M severance, $4M other cash costs
2000-12-31restructuringin_progress1452000-12-31New Zealand and AustraliaCarter Holt HarveyUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cost reduction actions in tissue and packaging businesses; charge includes $1M asset write-down and $4M severance
2000-12-31divestiture_reductionannounced2000-09-30North America, Europe, KoreaForest Productsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Masonite to Premdor Inc. entered into September 30, 2000, subject to closing conditions and regulatory approval; employee headcount removed not disclosed
2000-12-31divestiture_reductioncompleted2000-11-082000-11-08GlobalChemicals and Petroleumother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 68.2% interest in Bush Boake Allen for $640 million; employee headcount removed not disclosed
2000-12-31divestiture_reductioncompleted2001-01-312001-01-31United StatesChemicals and Petroleumsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Oil and gas properties and royalty interests conveyed to a third party on January 31, 2001; employee headcount removed not disclosed
2000-12-31plant_closurecompleted2000-10-18United StatesPaper millsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Form 8-K filed 2000-10-18 reported closure of three mills and scaling back of one mill; no employee counts or charges disclosed in this amendment.
2000-12-31acquisition_additioncompleted2000-05-12United StatesChampion International Corporationother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Champion merger agreement dated 2000-05-12; no headcount added disclosed in this amendment.
2000-12-31acquisition_additioncompleted2000-02-16United StatesShorewood Packaging Corporationother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging merger agreement dated 2000-02-16; no headcount added disclosed in this amendment.
2000-09-30voluntary_separationcompleted1,0621999-04-302000-09-30United StatesCompany-wide (Union Camp merger integration)USD 148 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Integration benefits program for employees terminating after the Union Camp merger; 1,218 employees originally identified. Program terminated in Q3 2000 with $6M of unused reserve covering 156 employees reversed to income; cash payments approximated $71M, remainder primarily an increase in the qualified pension plan obligation.
2000-09-30acquisition_additioncompleted2000-06-202000-06-20United StatesPrinting and Communications Papers; Forest Products; Industrial and Consumer Packaging; Distributionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Champion International Corporation acquired for approximately $5B cash plus 68.7M IP shares ($2.4B) with ~$2.3B debt assumed; headcount added through the acquisition is not disclosed. From July 1, 2000 Champion results were folded into the appropriate business segments.
2000-09-30divestiture_reductionannounced2000-09-30United States / InternationalForest Products (Masonite)USD 310 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to sell Masonite entered into September 30, 2000 as part of the plan to divest more than $3B of assets by end of 2001; written down to net realizable value resulting in a $310M after-tax extraordinary charge (combined with Zanders). Headcount not disclosed.
2000-09-30divestiture_reductionannounced2000-11-07International (Germany)Printing and Communications Papers (Zanders)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to sell Zanders entered into November 7, 2000 (subsequent event). Part of the combined $310M after-tax write-down recorded in Q3 2000. Headcount not disclosed.
2000-09-30divestiture_reductioncompleted2000-11-082000-11-08InternationalChemicals and Petroleum (Bush Boake Allen)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the company's interest in Bush Boake Allen closed November 8, 2000 (subsequent event); expected to be reported as an extraordinary gain in Q4 2000. Earlier announcement date not disclosed in this filing. Headcount not disclosed.
2000-09-30plant_closureannounced2,5002000-10-18United States (AL, PA, AR)U.S. uncoated papers, market pulp, containerboard and unbleached kraft paper mills and related forestry operationsUSD 500 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced planned closings of three mills and scaling back of a fourth (Mobile and Courtland, Alabama; Lock Haven, Pennsylvania; Camden, Arkansas), reducing ~820,000 tons (18%) of U.S. uncoated papers capacity, 120,000 tons (7%) of North American market pulp, 230,000 tons (5%) of U.S. containerboard and 50,000 tons of unbleached kraft. Estimated ~$500M pre-tax asset write-downs and cash costs including severance, to be recorded in Q4 2000. Filer presents a single consolidated employee count across facilities.
2000-09-30restructuringin_progress1192000-04-01MassachusettsPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Millers Falls mill due to excess capacity. 107 employees terminated as of Sept 30, 2000.
2000-09-30restructuringin_progress1082000-04-01VirginiaPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of salaried workforce at Franklin mill. 26 employees terminated as of Sept 30, 2000.
2000-09-30plant_closurein_progress1262000-04-01VirginiaConsumer PackagingUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Richmond facility. 123 employees terminated as of Sept 30, 2000.
2000-09-30restructuringin_progress1872000-04-01IowaConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent idling of lithographic department at Clinton facility. 103 employees terminated as of Sept 30, 2000.
2000-09-30restructuringin_progress172000-04-01United StatesConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining effort. 13 employees terminated as of Sept 30, 2000.
2000-09-30plant_closurein_progress1202000-04-01TennesseeIndustrial PapersUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Knoxville converting facility. 11 employees terminated as of Sept 30, 2000.
2000-09-30plant_closurein_progress2212000-04-01MississippiIndustrial PackagingUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Tupelo sheet plant. 158 employees terminated as of Sept 30, 2000.
2000-09-30plant_closurein_progress1582000-04-01New ZealandCarter Holt HarveyUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Indefinite shutdown of Mataura paper mill. 138 employees terminated as of Sept 30, 2000.
2000-09-30restructuringannounced2,5002000-10-18United StatesMultiple SegmentsUSD 500 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Planned closings of three mills and scaling back of another. Includes Mobile and Courtland, AL; Lock Haven, PA; Camden, AR. Charge estimated in $500 million range pre-tax.
2000-06-30restructuringin_progress2272000-06-30United StatesPrinting and Communications PapersUSD 29 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Millers Falls, MA mill shutdown (119 employees) and Franklin, VA salaried workforce reduction (108 employees). Charge comprises $22M asset write-downs and $7M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000.
2000-06-30restructuringin_progress3302000-06-30United StatesConsumer PackagingUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Richmond, VA facility shutdown (126 employees), Clinton, IA lithographic department idling (187 employees), and Consumer Packaging streamlining (17 employees). Charge comprises $7M asset write-downs and $9M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000.
2000-06-30restructuringin_progress1202000-06-30United StatesIndustrial PapersUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Knoxville, TN converting facility shutdown (120 employees). Charge comprises $9M asset write-downs and $4M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000.
2000-06-30restructuringin_progress3792000-06-30United States; New ZealandOther (Industrial Packaging; Carter Holt Harvey)USD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tupelo, MS sheet plant shutdown (221 employees) and Carter Holt Harvey Mataura paper mill indefinite shutdown (158 employees). Charge comprises $2M asset write-downs and $11M severance/other. Specific announcement date not disclosed; charge recorded in Q2 2000.
2000-06-30acquisition_additioncompleted2000-05-122000-06-20United StatesMultiple segmentsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Champion International Corporation merger completed June 20, 2000 for approximately $5B cash and $2.4B in stock; $2.3B debt assumed. Headcount added not disclosed. Announcement date reflects merger agreement date.
2000-06-30acquisition_additioncompleted2000-02-172000-03-31United StatesConsumer Packagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Shorewood Packaging Corporation acquisition completed March 31, 2000 for approximately $640M cash plus assumption of approximately $280M debt. Headcount added not disclosed.
2000-06-30voluntary_separationcompleted1641999-06-302000-06-30United StatesCorporaterestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger-related termination benefits program substantially completed in Q2 2000. 164 employees incurred costs during the quarter; 156 employees remaining as of June 30, 2000. Original special charge of $98M recorded in Q2 1999 for 572 employees; additional $50M charge in Q3 1999 for 646 employees. Announcement date reflects original Q2 1999 special charge.
2000-06-30restructuringin_progress1192000-06-30Massachusetts, USAPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Millers Falls mill due to excess capacity.
2000-06-30restructuringin_progress1082000-06-30Virginia, USAPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of salaried workforce at Franklin mill.
2000-06-30restructuringin_progress1262000-06-30Virginia, USAConsumer PackagingUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Richmond facility.
2000-06-30restructuringin_progress1872000-06-30Iowa, USAConsumer PackagingUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Permanent idling of lithographic department at Clinton facility.
2000-06-30restructuringin_progress172000-06-30USAConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining administrative functions.
2000-06-30restructuringin_progress1202000-06-30Tennessee, USAIndustrial PapersUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Knoxville converting facility.
2000-06-30restructuringin_progress2212000-06-30Mississippi, USAIndustrial PackagingUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Tupelo sheet plant.
2000-06-30restructuringin_progress1582000-06-30New ZealandCarter Holt HarveyUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Indefinite shutdown of Mataura paper mill.
2000-06-30restructuringin_progress1111999-04-30USACorporateUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Union Camp merger-related termination benefits incurred in Q1 2000.
2000-06-30restructuringin_progress1641999-04-30USACorporateUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Union Camp merger-related termination benefits incurred in Q2 2000.
2000-06-30restructuringin_progress1,0311999-06-30USACorporateUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 restructuring plan severance costs incurred in Q1 2000.
2000-06-30restructuringin_progress6731999-06-30USACorporateUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 restructuring plan severance costs incurred in Q2 2000.
2000-03-31restructuringin_progress1,2181999-04-302000-05-31United StatesMultipleUSD 148 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger integration benefits program; 1,218 employees identified for termination. Through 2000-03-31, 898 employees had been terminated with ~$65M in related cash payments; 320 employees remained. Substantially all positions expected eliminated by 2000-05-31. $148M pre-tax charge recorded in 1999; $24M balance at 2000-03-31.
2000-03-31restructuringin_progress1,3721999-06-30United StatesMultipleUSD 298 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1999 restructuring plan for asset shutdowns of excess internal capacity and cost reduction actions. $298M pre-tax charge ($149M asset write-downs, $149M severance and other). In Q1 2000, cash charges affected 1,031 employees; balance of 1,372 employees and $82M severance liability remained at 2000-03-31.
2000-03-31restructuringin_progress1111999-04-302000-05-31USD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Union Camp merger-related termination benefits. 111 employees terminated in Q1 2000. $8 million incurred costs in Q1 2000. Substantially all positions expected to be eliminated by May 31, 2000.
2000-03-31restructuringin_progress1,0311999-06-30USD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 restructuring plan for asset shutdowns of excess internal capacity. 1,031 employees terminated in Q1 2000. $25 million cash charges in Q1 2000.
2000-03-31acquisition_additioncompleted2000-02-172000-03-31Industrial and Consumer Packagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Shorewood Packaging Corporation completed March 31, 2000. Headcount not disclosed.
2000-03-31acquisition_additionannounced2000-02-212000-04-28AustraliaCarter Holt Harveybusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Purchase of CSR Limited's medium density fiberboard and particleboard businesses and Oberon sawmill. Completed April 28, 2000. Headcount not disclosed.
2000-03-31otherannounced2000-04-25subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Offer to purchase Champion International Corporation. Intention to sell more than $3 billion of assets by end of 2001. May incur costs and charges in future periods.
1999-12-31restructuringin_progress1,2181999-04-30United StatesCorporate / Merger IntegrationUSD 148 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger integration benefits program; 787 of 1,218 employees terminated through year-end; charge includes pension obligation increase
1999-12-31restructuringin_progress2891999-06-30United StatesPrinting and Communications PapersUSD 24 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance program at several U.S. mills; 146 of 289 employees terminated by year-end
1999-12-31plant_closurein_progress1471999-06-30United StatesPrinting and Communications PapersUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hudson River mill No. 4 and Franklin mill No. 2 paper machines permanently shut down; machines written down $6M; 76 of 147 employees terminated by year-end
1999-12-31plant_closurein_progress421999-06-30FrancePrinting and Communications Papers — European PapersUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Lana mill in Docelles closed due to excess capacity; assets written down $3M; 14 of 42 employees terminated by year-end
1999-12-31plant_closurecompleted811999-06-30FrancePrinting and Communications Papers — European PapersUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Corimex coating plant in Clermont-Ferrand closed; all 81 employees terminated by year-end
1999-12-31plant_closurein_progress3601999-06-30United StatesIndustrial and Consumer Packaging — Consumer PackagingUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Moss Point No. 3 paper machine shutdown; machine written down $6M; 272 of 360 positions terminated by year-end
1999-12-31plant_closurein_progress291999-06-30BrazilIndustrial and Consumer Packaging — Consumer PackagingUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Itu beverage packaging facility closed; assets written down $13M; 24 of 29 positions terminated by year-end
1999-12-31restructuringin_progress891999-06-30United StatesChemicals and PetroleumUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Natchez mill downsizing due to reduced dissolving pulp demand; 88 of 89 positions terminated by year-end
1999-12-31plant_closurein_progress811999-06-30Canada, United StatesIndustrial and Consumer Packaging — Industrial PapersUSD 14 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Toronto plant closed; equipment taken out of service at Kaukauna, Knoxville, and Menasha; 59 of 81 employees reduced by year-end
1999-12-31restructuringin_progress991999-12-31United StatesPrinting and Communications PapersUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Erie mill production curtailment; segment charge $12M also includes software write-off and Otis Hydroelectric impairment
1999-12-31plant_closurein_progress1941999-12-31United States, CanadaIndustrial and Consumer Packaging — Consumer PackagingUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Philadelphia and Edmonton plant closures; assets written down $7M; segment charge $36M covers this and capacity reduction
1999-12-31restructuringin_progress5121999-12-31United StatesIndustrial and Consumer Packaging — Consumer PackagingUSD 11 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Aseptic and flexible packaging capacity reduction; assets written down $7M; segment charge $36M covers this and plant closures
1999-12-31plant_closurein_progress4261999-12-31United StatesIndustrial and Consumer Packaging — Industrial PackagingUSD 21 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of Terre Haute, Northlake, Columbia, Montgomery plants and Spartanburg design center
1999-12-31plant_closurein_progress831999-12-31United KingdomChemicals and PetroleumUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Partial shutdown of Chester-Le-Street plant; assets written down $30M; segment charge $50M also includes Springhill additional costs
1999-12-31restructuringin_progress651999-12-31United StatesForest Products — Decorative ProductsUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Decorative surfaces improvement program; assets written off $2M; segment charge $16M covers this and Pilot Rock closure
1999-12-31plant_closurein_progress1551999-12-31United StatesForest Products — MasoniteUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pilot Rock, Oregon mill closure; assets written down $8M; segment charge $16M covers this and decorative surfaces program
1999-12-31restructuringin_progress2111999-12-31United StatesDistributionUSD 23 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
xpedx duplicate facility consolidation; includes lease cancellations
1999-12-31plant_closurein_progress3001999-12-31New ZealandCarter Holt HarveyUSD 27 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Kinleith mill No. 5 paper machine shutdown; machine written down from $20M to $2M salvage value
1999-12-31restructuringin_progress1,2181999-04-30GlobalCorporate / All SegmentsUSD 148 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Union Camp merger-related termination benefits. 1,218 employees identified for termination under integration benefits program. 787 terminated by year-end.
1999-12-31restructuringin_progress2891999-06-30United StatesPrinting and Communications PapersUSD 24 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Second phase of Printing and Communications Papers business plan. 146 terminated by year-end.
1999-12-31plant_closurecompleted1471999-06-30United StatesPrinting and Communications PapersUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill No. 4 paper machine and Franklin mill No. 2 paper machine. 76 terminated by year-end.
1999-12-31plant_closurein_progress421999-06-30FranceEuropean PapersUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Lana mill in Docelles, France. 14 terminated by year-end.
1999-12-31plant_closurecompleted811999-06-30FranceEuropean PapersUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Corimex coating plant in Clermont-Ferrand, France. All 81 terminated by year-end.
1999-12-31plant_closurein_progress3601999-06-30United StatesConsumer PackagingUSD 10 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of No. 3 paper machine at Moss Point, Mississippi mill. 272 terminated by year-end.
1999-12-31plant_closurein_progress291999-06-30BrazilConsumer PackagingUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of beverage packaging facility in Itu, Brazil. 24 terminated by year-end.
1999-12-31restructuringin_progress891999-06-30United StatesChemicals and PetroleumUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Downsizing of Natchez, Mississippi mill. 88 terminated by year-end.
1999-12-31plant_closurein_progress811999-06-30North AmericaIndustrial PapersUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of Toronto, Canada plant and equipment shutdowns in US. 59 reduced through severance and attrition by year-end.
1999-12-31restructuringin_progress991999-12-31United StatesPrinting and Communications PapersUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Production curtailment at Erie, Pennsylvania mill.
1999-12-31plant_closurein_progress1941999-12-31North AmericaConsumer PackagingUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Philadelphia, Pennsylvania and Edmonton, Alberta plants.
1999-12-31restructuringin_progress5121999-12-31United StatesConsumer PackagingUSD 11 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Elimination of excess capacity in aseptic and flexible packaging businesses.
1999-12-31plant_closurein_progress4261999-12-31United StatesIndustrial PackagingUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Terre Haute, Northlake, Columbia, Montgomery plants and Spartanburg design center.
1999-12-31plant_closurein_progress831999-12-31United KingdomChemicals and PetroleumUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Partial shutdown of Chester-Le-Street plant in Northeast England.
1999-12-31restructuringin_progress651999-12-31United StatesBuilding MaterialsUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Improvement plan for decorative surfaces business.
1999-12-31plant_closurein_progress1551999-12-31United StatesBuilding MaterialsUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of Pilot Rock, Oregon mill.
1999-12-31restructuringin_progress2111999-12-31United StatesDistributionUSD 5 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Consolidation of duplicate facilities in xpedx distribution business.
1999-12-31plant_closurein_progress3001999-12-31New ZealandCarter Holt HarveyUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Shutdown of No. 5 paper machine at Carter Holt Harvey's Kinleith mill.
1999-09-30acquisition_additioncompleted1998-11-241999-04-30United StatesEnterprise (pooling-of-interests merger)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed 1999-04-30; approximately 110 million IP shares issued for about 74 million Union Camp shares. No headcount added through the merger is disclosed.
1999-09-30restructuringin_progress1,2182000-05-31United StatesUnion Camp merger integration (organization rationalization)USD 148 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Integration benefits program identified 1,218 employees for termination across Q2 and Q3 1999 at a total cost of $148M ($98M charged Q2, $50M charged Q3). Through 1999-09-30, 567 employees terminated at a cost of $83M; remaining accrual balance $65M covering 651 employees. Filer states no further adjustments to the charge are anticipated.
1999-09-30reduction_in_forcein_progress289United StatesPrinting and Communications PapersUSD 24 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second phase of the business plan to improve mill cost position; ongoing severance program covering reductions at 14 U.S. mills. At 1999-09-30, 146 employees had been terminated. Charge recorded in Q2 1999.
1999-09-30plant_closurein_progress147United StatesPrinting and Communications Papers — Hudson River (Corinth, NY) and Franklin, VA millsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of Hudson River mill No. 4 paper machine and Franklin mill No. 2 paper machine; machines written down $6M to fair value of zero. Franklin machine shut down September 1999. At 1999-09-30, 79 employees had been terminated.
1999-09-30plant_closurein_progress422000-06-30FranceEuropean Papers — Lana mill, DocellesUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Mill shutdown due to excess capacity; production shifting to La Robertsau mill in Strasbourg. Lana assets written down $3M to zero; site closure costs expected $1M. At 1999-09-30, 2 employees had been terminated.
1999-09-30plant_closurecompleted811999-04-30EuropeEuropean Papers — Corimex coating plantUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant shut down April 1999 as thermal fax paper market shrank; assets had already been impaired in 1997. All 81 employees terminated by 1999-09-30.
1999-09-30plant_closurein_progress360United StatesConsumer Packaging — Moss Point, Mississippi millUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Shutdown of No. 3 label paper machine with production transferred to Hudson River mill; machine written down $6M to zero. At 1999-09-30, 272 employees had been terminated.
1999-09-30plant_closurein_progress29BrazilConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Facility closed to reduce excess capacity; assets written down $13M to zero and other exit costs of $1M. At 1999-09-30, 16 employees had been terminated.
1999-09-30restructuringcompletedTurkeyIndustrial Packaging — joint ventureUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge reflects impairment of a Turkey industrial packaging joint venture investment and costs of resolving a non-compete clause with Union Camp's JV partner; no employee count disclosed.
1999-09-30restructuringin_progress89United StatesChemicals and Petroleum — Natchez millUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Mill downsized on reduced dissolving pulp demand; capacity reduction charges total $10M including equipment shutdowns. At 1999-09-30, 88 employees had been terminated.
1999-09-30restructuringin_progress123United States and CanadaIndustrial Papers — Kaukauna, De Pere, Menasha (WI) and TorontoUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Excess capacity reduction; asset write-downs of $7M and other exit costs of $2M. Toronto plant closed. At 1999-09-30, 26 employees had been terminated.
1999-09-30restructuringin_progress2,5081999-12-31United States and internationalEnterprise — 1998 restructuring planUSD 81 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance reserve recorded in Q3 1998 covering 2,508 employees; 2,274 employees terminated by 1999-09-30 and reserve balance reduced to $6M. Substantially all remaining reserve expected to be used by 1999-12-31.
1999-09-30restructuringin_progress1,2181999-04-302000-05-31GlobalCorporate / IntegrationUSD 148 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration benefits program for combined company. 567 employees terminated through Sept 30, 1999 at cost of $83 million.
1999-09-30restructuringin_progress2891999-06-30United StatesPrinting and Communication PapersUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction at 14 mills. 146 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurein_progress1471999-06-30United StatesPrinting and Communication PapersUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill No. 4 and Franklin V.A. mill No. 2. 79 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurein_progress421999-06-302000-06-30FranceEuropean PapersUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Lana mill in Docelles. 2 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurecompleted811999-04-301999-04-30FranceEuropean PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Corimex coating plant. 81 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurein_progress3601999-06-30United StatesConsumer PackagingUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of No. 3 paper machine at Moss Point, Miss. 272 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurein_progress291999-06-30BrazilConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of facility in Brazil. 16 employees terminated as of Sept 30, 1999.
1999-09-30restructuringin_progress891999-06-30United StatesChemicals and PetroleumUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing of Natchez mill. 88 employees terminated as of Sept 30, 1999.
1999-09-30plant_closurein_progress1231999-06-30United States, CanadaIndustrial PapersUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdowns at Kaukauna, De Pere, Menasha, Wis. and Toronto, Canada. 26 employees terminated as of Sept 30, 1999.
1999-09-30restructuringin_progress2,5081998-09-301999-12-31GlobalVariousUSD 81 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 third quarter restructuring. 2,274 employees terminated as of Sept 30, 1999. Remaining reserve expected utilized by Dec 31, 1999.
1999-06-30acquisition_additioncompleted1999-04-301999-04-30United StatesEnterprise-widebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pooling-of-interests merger completed 1999-04-30; approximately 110 million IP shares issued for about 74 million Union Camp shares. Headcount added through the merger is not disclosed.
1999-06-30restructuringin_progress5721999-04-30Enterprise-wide — merger integrationUSD 98 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $98M ($67M after taxes). 572 employees identified for termination as of 1999-06-30; 83 terminated through that date with about $24M cash paid. Remaining $68M balance includes a $6M increase in the projected benefit obligation; majority of the charge is a pension PBO increase rather than cash severance.
1999-06-30reduction_in_forcein_progress2891999-06-30United StatesPrinting and Communications PapersUSD 24 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second phase of the segment's mill cost-position plan under the ongoing severance program, covering reductions at several U.S. mills. No specific announcement date disclosed; charge recorded during Q2 1999.
1999-06-30plant_closurein_progress1471999-06-301999-09-30United StatesPrinting and Communications PapersUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Permanent shutdown of Hudson River mill No. 4 (Corinth, N.Y.) and Franklin, V.A. No. 2 paper machine. Assets written down $6M to fair value of zero plus $3M severance. Hudson River machine already shut down; Franklin machine scheduled for September 1999.
1999-06-30plant_closurecompleted421999-06-30FranceEuropean PapersUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Lana mill closed due to excess capacity; production to shift to La Robertsau mill in Strasbourg. Includes $3M asset write-down to zero, about $4M severance and $1M site closure costs. Lana mill had $5M revenue and $0.4M operating loss for the six months ended 1999-06-30.
1999-06-30plant_closurecompleted811999-06-301999-04-30European PapersUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Corimex coating plant shut down in April 1999 as the thermal fax paper market shrank; assets had already been impaired in 1997. Plant location not specified in filing. Corimex had $5M revenue and $2M operating loss for the six months ended 1999-06-30.
1999-06-30restructuringin_progress3601999-06-30United StatesConsumer PackagingUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Performance improvement plan including shutdown of the No. 3 label paper machine (production moving to Hudson River mill), written down $6M to zero, plus $10M severance covering 360 positions including but not limited to No. 3 machine employees.
1999-06-30plant_closurein_progress291999-06-30Latin AmericaConsumer PackagingUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Shutdown of a Latin American operation to reduce excess capacity; assets written down $13M to zero, $1M severance for 29 positions and $1M other exit costs.
1999-06-30restructuringin_progress1999-06-30TurkeyIndustrial PackagingUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Investment impairment charge following negotiations with Union Camp's joint venture partner to resolve a non-compete clause; includes related resolution costs. Employee count not disclosed.
1999-06-30restructuringin_progress891999-06-30United StatesChemicals and PetroleumUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Natchez mill downsized on reduced dissolving pulp demand; $10M of capacity-reduction charges including shutdown of several pieces of equipment plus $3M severance eliminating 89 positions.
1999-06-30plant_closurein_progress1231999-06-30United States and CanadaIndustrial PapersUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Toronto, Canada plant closed and equipment at Kaukauna, De Pere and Menasha, Wis. plants scheduled for shutdown. Includes $7M asset write-downs, $5M severance for 123 employees and $2M other exit costs.
1999-06-30restructuringin_progress2,5081998-09-301999-12-31Enterprise-wideUSD 81 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program-level count of 2,508 employees established in Q3 1998; 2,049 terminated as of 1999-06-30 (1,080 at 1998-12-31). Severance reserve balance $6M at 1999-06-30 after $14M of Q2 1999 cash charges and a $6M reserve reversal. Company expects substantially all remaining reserve used by 1999-12-31.
1999-06-30restructuringcompleted3,0151997-06-301999-06-30Enterprise-wideUSD 535 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program-level headcount reduction of 3,015 established June 1997; 2,671 terminated as of 1999-06-30 (2,446 at 1998-12-31). Severance and other reserve balance reached $0 at 1999-06-30 after $7M of Q2 1999 cash charges. Total charge $535M pre-tax ($385M after taxes).
1999-06-30restructuringannounced1999-08-16Enterprise-wide — Union Camp merger integrationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company states it expects to incur charges in the second half of 1999 for additional Union Camp merger-related severance and other one-time merger costs. No employee count or charge amount disclosed; announcement date is the filing date.
1999-06-30restructuringin_progress5721999-04-30GlobalCorporate / IntegrationUSD 98 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Union Camp merger-related termination benefits. 572 employees identified for termination as of June 30, 1999. 83 terminated through June 30, 1999.
1999-06-30restructuringin_progress2891999-04-30United StatesPrinting and Communication PapersUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Second phase of business plan to improve cost position. Reduction of approximately 289 employees at several mills.
1999-06-30plant_closurecompleted1471999-04-301999-09-30United StatesPrinting and Communication PapersUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Hudson River mill No. 4 paper machine and Franklin, V.A. mill No. 2 paper machine.
1999-06-30plant_closurecompleted421999-04-30FranceEuropean PapersUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Lana mill in Docelles due to excess capacity.
1999-06-30plant_closurecompleted811999-04-30FranceEuropean PapersUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Corimex coating plant in April 1999.
1999-06-30plant_closurein_progress3601999-04-30United StatesConsumer PackagingUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of No. 3 paper machine at Moss Point, Miss. mill.
1999-06-30plant_closurein_progress291999-04-30Latin AmericaConsumer PackagingUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of Latin American operation to reduce excess capacity.
1999-06-30restructuringin_progress891999-04-30United StatesChemicals and PetroleumUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing of Natchez mill due to reduction in market demand for dissolving pulp.
1999-06-30plant_closurecompleted1231999-04-30United States and CanadaIndustrial PapersUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of equipment at Kaukauna, De Pere, and Menasha, Wis. plants and closure of Toronto, Canada plant.
1999-06-30restructuringin_progress2,5081998-09-301999-12-31GlobalVariousUSD 56 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 restructuring plan. 2,049 employees terminated as of June 30, 1999. Substantially all remaining reserve expected to be utilized by Dec 31, 1999.
1999-06-30restructuringin_progress3,0151997-06-30GlobalVariousUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1997 business improvement charge. 2,671 employees terminated as of June 30, 1999. Reserve balance is zero.
1999-03-31restructuringin_progress1,9681998-07-011999-12-31United StatesMultiple segmentsUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1998 restructuring plan severance reserve relates to 1,968 employees; 1,765 terminated by 1999-03-31; $18M cash severance charges in Q1 1999; reserve balance $20M at quarter-end; substantially all remaining reserve expected utilized by 1999-12-31
1999-03-31restructuringin_progress3,0151997-06-01United StatesMultiple segmentsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1997 business improvement plan: $535M pre-tax charge including $95M severance for 3,015-employee headcount reduction; 2,549 terminated by 1999-03-31; $2M cash charges in Q1 1999; remaining balance $7M
1999-03-31acquisition_additionannounced1998-11-241999-04-30United StatesDiversified paper and forest productssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union Camp merger approved by shareholders 1999-04-30; ~110M IP shares issued for ~74M Union Camp shares; equity value ~$6.3B; no employee headcount disclosed; expected $300M annual cost savings by end of 2000 with significant one-time 1999 costs including severance
1999-03-31restructuringannounced1999-01-011999-12-31United StatesU.S. PapersUSD 20 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Up to $20M in severance costs may be required during 1999 for next phase of U.S. Papers mill cost improvement program; no employee count disclosed; additional operations under active review
1999-03-31acquisition_additionannounced1999-04-30AustraliaCorrugated packagingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey announced acquisition of Stone Australia corrugated packaging business (two sites in Melbourne and Sydney); no headcount disclosed
1999-03-31restructuringin_progress1,9681998-09-011999-12-31USD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 third quarter restructuring plan. 1,765 employees terminated as of March 31, 1999. $18 million cash charges in Q1 1999. Remaining reserve expected to be utilized by Dec 31, 1999.
1999-03-31restructuringin_progress3,0151997-06-01USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1997 business improvement plan. 2,549 employees terminated as of March 31, 1999. $2 million cash charges in Q1 1999.
1999-03-31restructuringannounced1999-03-31United StatesU.S. PapersUSD 20 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Up to $20 million in severance costs may be required in 1999 to implement the next phase of the U.S. Papers program.
1998-12-31restructuringcompleted1,0001998-12-31United StatesDistribution (XPEDX / Zellerbach integration)USD 10 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Goal of 1,000 job eliminations surpassed by year-end 1998; restructuring footnote records $10M severance for 274 terminated employees as a subset with formal severance charges
1998-12-31restructuringin_progress750United StatesU.S. Papers (Mobile AL, Lock Haven PA, Ticonderoga NY mills)USD 14 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Equipment shutdown at Mobile mill ($13M asset write-down) plus announced termination of 750 employees across three mills; part of 1998 $105M restructuring charge
1998-12-31plant_closurein_progress236Australia and New ZealandCarter Holt Harvey (Myrtleford tissue pulp mill, Taupo sawmill)USD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Myrtleford closed due to excess tissue pulp capacity; Taupo sawmill closed due to productivity improvements; $15M asset write-down also recorded
1998-12-31plant_closurein_progress298United StatesIndustrial Packaging (Gardiner, Oregon mill)USD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closed due to excess containerboard capacity; net PP&E written down from $13M to $5M salvage value; mill had $78M revenue and $16M operating loss in 1998
1998-12-31restructuringin_progress410United StatesForest Resources and Consumer Packaging (corporate consolidation)USD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
200 employees in Forest Resources group ($10M) and 210 in Consumer Packaging group ($5M) from consolidating land/timber/logging divisions and Consumer Packaging group
1998-12-31restructuringin_progress2741998-08-01United StatesDistribution (XPEDX)USD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Termination of employees at duplicate facilities following Zellerbach acquisition.
1998-12-31restructuringin_progress7501998-01-01United StatesU.S. PapersUSD 14 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Terminations at Mobile, Ala., Lock Haven, Pa., and Ticonderoga, N.Y. mills.
1998-12-31restructuringin_progress2361998-01-01New Zealand and AustraliaCarter Holt HarveyUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Terminations associated with closure of Myrtleford and Taupo facilities.
1998-12-31restructuringin_progress2981998-07-01United StatesIndustrial PackagingUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Terminations at Gardiner, Ore. mill due to excess capacity.
1998-12-31restructuringin_progress2001998-01-01United StatesForest ResourcesUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Headcount reduction in Forest Resources group consolidation.
1998-12-31restructuringin_progress2101998-01-01United StatesConsumer PackagingUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Personnel reduction in Consumer Packaging group consolidation.
1998-09-30restructuringin_progress1998-07-01United States, New Zealand, AustraliaPrinting Papers, Forest Resources, Distribution, Carter Holt HarveyUSD 115 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $115M ($62M after taxes/minority interest, $0.20/share). Includes $65M asset write-downs and $50M severance. Components: realignment of U.S. manufacturing in printing papers, indefinite shutdown of Gardiner OR linerboard mill, closure of Taupo NZ sawmill and Myrtleford AU tissue pulp mill, severance/systems costs for reorganization of forest resources and distribution, and share of Scitex digital video write-down. No employee counts disclosed.
1998-09-30plant_closurein_progress1998-07-01United StatesPrinting Papersrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Indefinite shutdown of the Gardiner, Oregon linerboard mill; part of the $115M restructuring charge. No employee count disclosed.
1998-09-30plant_closurein_progress1998-07-01New ZealandCarter Holt Harveyrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of Carter Holt Harvey's Taupo sawmill; part of the $115M restructuring charge. No employee count disclosed.
1998-09-30plant_closurein_progress1998-07-01AustraliaCarter Holt Harveyrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure of Carter Holt Harvey's Myrtleford tissue pulp mill; part of the $115M restructuring charge. No employee count disclosed.
1998-09-30acquisition_additioncompleted1998-07-01United StatesDistribution (xpedx)USD 263 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Zellerbach distribution business acquired from The Mead Corporation for approximately $263 million in July 1998; being integrated into xpedx distribution operations. No headcount added disclosed.
1998-09-30divestiture_reductioncompleted1998-07-01United StatesSpecialty ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Veratec nonwovens business sold in Q3 1998 with a $20M pre-tax gain ($12M after taxes, $0.04/share). No headcount reduction disclosed.
1998-09-30acquisition_additioncompleted1998-04-01United StatesPackagingUSD 232 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Weston Paper and Manufacturing Company acquired in April 1998 via exchange of approximately 4.7 million IP common shares valued at ~$232 million. No headcount added disclosed.
1998-09-30restructuringin_progress1998-09-30United StatesPrinting PapersUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of $115M pre-tax charge; $50M allocated to severance costs for realigning U.S. manufacturing operations.
1998-09-30plant_closurein_progress1998-09-30Oregon, United StatesPackagingrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Indefinite shutdown of Gardiner, Oregon linerboard mill included in $115M pre-tax charge.
1998-09-30plant_closurein_progress1998-09-30New ZealandForest Productsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of Carter Holt Harvey's Taupo sawmill included in $115M pre-tax charge.
1998-09-30plant_closurein_progress1998-09-30AustraliaSpecialty Productsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of Carter Holt Harvey's Myrtleford tissue pulp mill included in $115M pre-tax charge.
1998-09-30restructuringin_progress1998-09-30GlobalForest Resources and Distributionrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and systems costs for reorganization of forest resources and distribution businesses included in $115M pre-tax charge.
1998-06-30divestiture_reductioncompletedUnited StatesSpecialty ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Imaging products printing and graphic arts businesses sold in late February 1998; remaining imaging businesses sold early in Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed.
1998-06-30divestiture_reductioncompletedUnited StatesSpecialty ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Label business sold during Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed.
1998-06-30divestiture_reductioncompletedNew ZealandForest ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey building products business sold during Q2 1998 as part of the 1997 restructuring plan. No employee count disclosed.
1998-06-30acquisition_additioncompleted1998-04-30United StatesPackagingbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition completed April 1998 via exchange of approximately 4.7 million IP common shares valued at approximately $232 million. No employee count disclosed.
1998-06-30divestiture_reductionannouncedUnited StatesSpecialty Productssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Veratec nonwovens business sold in Q3 1998 for $282 million as part of the restructuring plan. No employee count disclosed.
1998-06-30acquisition_additionannouncedUnited StatesDistributionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Zellerbach distribution business acquired from Mead Corporation for approximately $263 million in Q3 1998; to be combined with xpedx distribution operations. No employee count disclosed.
1998-06-30acquisition_additionannounced1998-06-301998-12-31RussiaPrinting Paperssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement signed June 1998 to purchase OAO Svetogorsk, a Russia-based pulp and paper business; expected completion by end of 1998. No employee count disclosed.
1998-06-30restructuringin_progress1997-06-30GlobalPrinting Papers, Specialty ProductsUSD 95 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
June 1997 business improvement reserve included $95 million for severance and other expenses related to closing/divesting operations.
1998-06-30acquisition_additioncompleted1998-04-01United StatesPackagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Weston Paper and Manufacturing Company completed in April 1998.
1998-06-30acquisition_additioncompleted1998-02-01TurkeyPackagingbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Joint venture with Olmuksa for containerboard and corrugated boxes.
1998-06-30acquisition_additioncompleted1998-02-01Australia/New ZealandSpecialty Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Joint acquisition of Australian-based Continental Cup.
1998-06-30acquisition_additioncompleted1997-11-01United StatesDistributionbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Taussig Graphics Supply, Inc.
1998-06-30acquisition_additioncompleted1997-09-01GlobalSpecialty Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Merbok Formtec.
1998-06-30divestiture_reductioncompleted1998-02-01GlobalSpecialty ProductsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of certain imaging products businesses in late February and early second quarter 1998.
1998-06-30divestiture_reductioncompleted1998-06-30GlobalSpecialty ProductsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of label business and Carter Holt Harvey's building products business during second quarter 1998.
1998-06-30acquisition_additionannounced1998-06-301998-12-31RussiaPrinting Paperssubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement signed to purchase OAO Svetogorsk, a Russia-based pulp and paper business.
1998-06-30acquisition_additionannounced1998-09-30United StatesDistributionUSD 263 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Zellerbach distribution business from Mead Corporation for approximately $263 million.
1998-06-30divestiture_reductionannounced1998-09-30GlobalSpecialty ProductsUSD 282 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Sale of Veratec nonwovens business for $282 million.
1998-03-31restructuringin_progress1997-06-01United States and internationalPrinting Papers, Specialty Products (imaging businesses)USD 535 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax reserve includes ~$230M asset write-downs, ~$210M estimated losses on business sales, and $95M severance and other expenses. No employee headcount disclosed. Most actions completed or announced by end of Q1 1998.
1998-03-31divestiture_reductioncompleted1997-12-011998-03-31United StatesSpecialty Products — imaging businessesUSD 125 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional pre-tax charge of $125M recorded in December 1997 for anticipated losses on sale of remaining imaging businesses. Certain imaging printing and graphic arts businesses sold in late February 1998; remaining imaging businesses sold early in Q2 1998. No employee headcount disclosed.
1998-03-31divestiture_reductionannounced1998-04-30United StatesSpecialty Products — Veratec nonwovenssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement reached to sell Veratec nonwovens business for approximately $290 million. No employee headcount disclosed.
1998-03-31acquisition_additioncompleted1998-04-301998-04-30United StatesPackaging — corrugated manufacturingUSD 232 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Weston Paper and Manufacturing Company completed April 1998 via exchange of 4.7 million IP common shares valued at ~$232 million. No employee headcount disclosed.
1998-03-31acquisition_additioncompleted1998-02-011998-02-28TurkeyPackaging — containerboard and corrugated boxesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Joint venture with Olmuksa in Turkey for manufacture of containerboard and corrugated boxes. No employee headcount disclosed.
1998-03-31acquisition_additioncompleted1998-02-011998-02-28AustraliaSpecialty Products — food service productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey and International Paper jointly acquired Australian-based Continental Cup. No employee headcount disclosed.
1998-03-31restructuringcompleted1997-06United States and overseasPrinting papers and specialty businessesUSD 535 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax business improvement reserve established in June 1997. Includes $95 million for severance and other expenses. Most actions completed or announced by end of Q1 1998.
1998-03-31restructuringcompleted1997-12Imaging businessesUSD 125 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge recorded in December 1997 for anticipated losses on sale of remaining imaging businesses.
1998-03-31divestiture_reductioncompletedImaging productsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Certain imaging products printing and graphic arts businesses sold in late February 1998.
1998-03-31divestiture_reductioncompletedImaging businessesMD&A
f5-10q / Qwen3.6-27B-Q8_0
Remaining imaging businesses sold early in the 1998 second quarter.
1998-03-31acquisition_additioncompleted1998-02TurkeyContainerboard and corrugated boxesbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Joint venture with Olmuksa for manufacture of containerboard and corrugated boxes.
1998-03-31acquisition_additioncompleted1998-02Australia and New ZealandFood service productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Joint acquisition of Australian-based Continental Cup with Carter Holt Harvey.
1998-03-31acquisition_additioncompleted1997-09Door facing productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Merbok Formtec.
1998-03-31acquisition_additioncompleted1997-11Graphics supplybusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Taussig Graphics Supply, Inc.
1998-03-31acquisition_additionannounced1998-04United StatesCorrugated manufacturingUSD 232 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Merger with Weston Paper and Manufacturing Company completed in April 1998 via stock exchange valued at approx $232 million.
1997-12-31restructuringin_progress1997-06-301998-12-31United States and EuropePrinting Papers and Specialty ProductsUSD 95 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Business improvement reserve of $535M pre-tax total; $95M allocated to severance and other expenses. Approximately $28M of cash costs incurred in 1997; remainder to be spent in 1998. Annual EBIT improvement of ~$100M expected by end of 1998. No employee count disclosed.
1997-12-31plant_closurecompleted1997-06-301997-12-31United StatesPrinting PapersMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed 1997 actions included shutdown of Woronoco MA mill, two paper machines at Erie PA, one paper machine at Mobile AL, Lock Haven PA de-inking operation, one machine at Moss Point MS, and two container plants in California. No employee counts disclosed.
1997-12-31divestiture_reductionin_progress1997-12-311998-06-30United States and EuropeSpecialty Products (imaging, nonwovens, specialty panels)USD 125 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
December 1997 charge of $125M pre-tax for anticipated losses on sale of remaining imaging businesses. Divestitures of imaging, Veratec nonwovens, and several specialty panel businesses expected to close by mid-1998, representing ~$1.1B in net sales. No employee counts disclosed.
1997-12-31restructuringcompleted1996-03-311997-12-31United StatesMultiple segmentsUSD 80 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1996 restructuring program: $515M pre-tax charge including $80M severance. $34M cash costs incurred in 1996, substantially all remainder spent in 1997. Annual EBIT improvement of just over $100M achieved in 1997. No employee count disclosed.
1997-12-31restructuringin_progress1997-06-011998-12-31GlobalPrinting Papers, Specialty BusinessesUSD 535 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
June 1997 business improvement reserve of $535 million pre-tax ($385 million after-tax) for closing/divesting operations. Includes $95 million for severance and other expenses. Employee count not explicitly disclosed in narrative.
1997-12-31restructuringcompleted1996-03-011997-12-31GlobalVariousUSD 515 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
March 1996 restructuring charge of $515 million pre-tax. Included $80 million in associated severance costs. Substantially all cash costs spent in 1997.
1997-12-31restructuringin_progress3,0151997-061998-12-31United States and EuropePrinting Papers, Packaging, Distribution, CorporateUSD 42 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1997 Business Improvement Program: $535M pre-tax total charge ($385M after taxes) including $230M asset write-downs, $210M estimated losses on business sales, and $95M severance/other expenses. Severance component of $42M covers reduction of 3,015 employees; 1,137 terminated through 1997-12-31. Completed actions include shutdowns of Woronoco MA mill, two Erie PA machines, one Mobile AL machine, Lock Haven PA de-inking, one Moss Point MS machine, and two California container plants. Annual EBIT improvement of ~$100M expected by end of 1998.
1997-12-31divestiture_reductionin_progress1997-121998-12-31United States and EuropeSpecialty Products — ImagingUSD 125 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
December 1997 pre-tax charge of $125M ($80M after taxes) for anticipated losses on sale of remaining imaging businesses. Sale agreement for printing and graphic arts operations reached in early 1998 (subsequent event). Employee count not disclosed.
1997-12-31restructuringin_progress1,5951996-031998-12-31United States and EuropeImaging, Veratec, Zanders, CorporateUSD 80 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1996 restructuring program: $515M pre-tax total charge ($362M after taxes) including $305M asset write-downs, $100M SFAS 121 impairments, $80M severance, $30M other. Program targeted 1,955 employee reductions; 1,595 terminated cumulatively through 1997-12-31. Cumulative through fiscal year-end. Remaining reserve balance $32M at 1997-12-31.
1997-12-31acquisition_additioncompleted1997-091997-09-30International (Asia)Specialty Products — Masonite door facingsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Merbok Formtec, a developer of doorfacing products through postforming medium density fiberboard. Employee count not disclosed.
1997-12-31acquisition_additioncompleted1997-111997-11-30United StatesDistributionbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of stock of Taussig Graphics Supply, Inc., a distributor of graphic arts products. Employee count not disclosed.
1997-12-31acquisition_additionannounced1998-021998-06-30United StatesPackaging — IndustrialUSD 232 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced merger with Weston Paper and Manufacturing Company via share exchange valued at $232M. Weston operates one corrugating medium mill and 11 container plants. Expected to close Q2 1998 subject to due diligence, regulatory and shareholder approvals. Employee count not disclosed.
1997-12-31divestiture_reductionannounced1998-021998-12-31United States and EuropeSpecialty Products — Imaging, Nonwovens, Specialty Panelssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement reached in early 1998 to sell printing and graphic arts businesses of imaging products division. Company also plans to divest Veratec nonwovens and several specialty panel operations during 1998, with combined net sales of approximately $1.1 billion. Employee counts not disclosed.
1997-09-30restructuringin_progress1997-06-301998-12-31United States and internationalPrinting Papers and Specialty ProductsUSD 535 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes closures of Woronoco MA mill, three lines at Erie PA, Lock Haven de-inking pulp, Moss Point MS paper machine, two California container plants, plus divestitures of Imaging Products, Papeteries de Lancey, three kraft bag plants, and other specialty businesses. No employee headcount disclosed.
1997-09-30plant_closurein_progress1997-06-30United StatesPrinting PapersMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Woronoco MA mill closure; three production lines at Erie PA (two shutdown to date); Lock Haven PA de-inking pulp operation (shutdown complete); Moss Point MS paper machine (shutdown complete); two container plants in California. No employee counts disclosed.
1997-09-30acquisition_additioncompleted1997-09-30business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merbok Formtec acquired in September 1997; no headcount or purchase price disclosed in this filing.
1997-09-30divestiture_reductionin_progress1997-06-30United States and internationalSpecialty ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Estimated losses on sales of Imaging Products (including Anchor pressroom chemicals), Papeteries de Lancey (sale completed), three multiwall kraft bag plants (sale completed), Veratec InterSpun, four low-pressure laminates plants, two particleboard facilities, two MDF facilities, six Pluswood distribution centers. No employee counts disclosed.
1997-09-30restructuringin_progress1997-06-011998-12-31United States and overseasPrinting papers and specialty businessesUSD 95 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
June 1997 business improvement reserve included $95 million for severance and other expenses related to closing or divesting operations. Employee count not disclosed.
1997-09-30restructuringin_progress1996-03-011997-12-31GlobalVariousUSD 80 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
First quarter 1996 restructuring charge included $80 million in associated severance costs. Remainder of cash costs being incurred in 1997. Employee count not disclosed.
1997-06-30restructuringannounced1997-06-301998-12-31United States and internationalPrinting Papers and Specialty ProductsUSD 535 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Includes $230M asset write-downs, $210M estimated losses on business sales, $95M severance. Closures: Woronoco MA mill, three Erie PA lines, Lock Haven PA de-inking, Moss Point MS kraft machine. No employee count disclosed. Expected ~$100M annual EBIT improvement by end of 1998.
1997-06-30plant_closureannounced1997-06-30United StatesPrinting PapersMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Part of the $535M business improvement reserve. Specific closures: Woronoco MA mill, three production lines at Erie PA, de-inking pulp at Lock Haven PA, kraft paper machine at Moss Point MS. No employee counts disclosed.
1997-06-30divestiture_reductionannounced1997-06-30United StatesSpecialty ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Estimated losses on sales of Imaging Products, three multiwall kraft bag plants, Veratec InterSpun, four low pressure laminates plants, two particleboard, two MDF facilities, six Pluswood distribution centers. Part of $535M reserve. No employee counts disclosed.
1997-06-30restructuringin_progress1997-06-301998-12-31United States and overseasPrinting Papers, Specialty ProductsUSD 535 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Established $535 million pre-tax reserve for closing/divesting operations. Includes $95 million for severance and other expenses. Employee count not disclosed.
1997-06-30restructuringcompleted1996-03-311997-12-31GlobalVariousUSD 515 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Prior year charge of $515 million pre-tax. Included $80 million in associated severance costs. Employee count not disclosed.
1996-12-31restructuringin_progress1996-01-011997-12-31United StatesMultiple segments including imaging productsUSD 515 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q1 1996 pre-tax charge of $515M including $80M severance and $30M other expenses; $110M accrual for one-time cash costs with $34M incurred in 1996 and remainder in 1997. No employee headcount disclosed.
1996-12-31acquisition_additioncompleted1996-03-121996-03-12United States, United KingdomPrinting papers, packaging, forest productsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Federal Paper Board merger completed March 12, 1996; approximately $1.3B cash and $1.4B stock plus $800M assumed debt. No headcount added disclosed.
1996-12-31acquisition_additioncompleted1996-08-011996-08-31FinlandSpecialty chemicalsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Forchem, a tall oil and turpentine processor in Finland, acquired for approximately $100 million. No headcount added disclosed.
1996-12-31acquisition_additioncompleted1996-09-011996-09-30AustraliaForest productsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Carter Holt Harvey acquired Forwood Products, timber processing business of South Australian Government, for approximately $100 million. No headcount added disclosed.
1996-12-31divestiture_reductioncompleted1996-03-291996-03-29Oregon and Washington, United StatesForest Products — Forestlandsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
IP Timberlands sold 98% general partnership interest in subsidiary owning ~300,000 acres of forestlands; $592M pre-tax gain recognized. No employee headcount disclosed.
1996-12-31restructuringcompleted1996-03-291997-12-31GlobalVariousUSD 515 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax charge of $515 million for restructuring and strengthening existing businesses. Included $80 million in associated severance costs. Accruals for one-time cash costs totaled $110 million; approximately $34 million incurred in 1996, remainder to be spent in 1997. Employee count not explicitly disclosed.
1996-09-30restructuringin_progress19961997United States and international operationsPrimarily Specialty Products (about three quarters of charge); Printing Papers, Packaging and Forest Products each about 10%USD 515 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board-authorized first-quarter 1996 program: $250M asset write-offs, $100M impairments, $80M severance, $85M other (incl. lease cancellations); $362M after taxes. One-time cash cost accruals of $165M, about $100M expected in 1996 with the remainder in 1997. No employee count disclosed. Expected annual pre-tax savings of about $70M in 1996 and $100M in 1997.
1996-09-30acquisition_additioncompleted1996-03-121996-03-12United StatesForest and paper products (Federal Paper Board)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed 1996-03-12 for about $1.3B cash and $1.4B in IP stock (35.4 million shares); Federal contributed about 8% of third-quarter 1996 net sales. No headcount added disclosed.
1996-09-30acquisition_additioncompleted1996-081996-08FinlandTall oil and turpentine processing (Forchem)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired in August 1996; preliminary purchase price allocation included in the September 30, 1996 balance sheet. No headcount added disclosed.
1996-09-30acquisition_additioncompleted1996-091996-09AustraliaTimber processing (Forwood Products, acquired by Carter Holt Harvey)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Timber processing business of the South Australian Government; preliminary purchase price allocation included in the September 30, 1996 balance sheet. No headcount added disclosed.
1996-09-30restructuringin_progress1996-03-291997-12-31GlobalSpecialty Products, Printing Papers, Packaging, Forest ProductsUSD 515 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Board authorized management actions in Q1 1996. Pre-tax charge of $515 million includes $250 million asset write-off, $100 million asset impairments, $80 million severance, and $85 million other expenses. Cash costs of $165 million expected to be incurred in 1996 and 1997. Majority of charge relates to Specialty Products segment for consolidation of imaging products business in US and Europe.
1996-06-30restructuringin_progress1996-031997-12-31United States and international operationsPrimarily Specialty Products (about three quarters of the charge); Printing Papers, Packaging and Forest Products each about 10%USD 515 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board-authorized restructuring announced during Q1 1996 (exact date not disclosed). Charge comprises $250M asset write-offs, $100M impairments, $80M severance and $85M other costs including lease cancellations; $165M accrued for one-time cash costs, about $100M expected in 1996 with the remainder in 1997. No employee headcount affected is disclosed. Expected annual pre-tax savings of about $70M in 1996 and $100M in 1997. Segment allocation is stated only as approximate shares, so a single consolidated record is emitted.
1996-06-30acquisition_additioncompleted1996-03-121996-03-12United StatesForest and paper products (Federal Paper Board)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed March 12, 1996 for approximately $1.3 billion cash and $1.4 billion in IP common stock (35.4 million shares); Federal results consolidated from that date. No employee headcount added through the merger is disclosed.
1996-06-30restructuringin_progress1996-03-311997-12-31Specialty Products, Printing Papers, Packaging, Forest ProductsUSD 515 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $515 million includes $80 million in severance costs and $85 million in other expenses. Employee count not disclosed.
1996-03-31restructuringin_progress1996-03-311997-12-31United States and international operationsPrimarily Specialty Products (about three-quarters of charge); Printing Papers and Packaging about 10% each; Forest Products about 5%USD 515 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $515M ($362M after taxes, $1.35/share) comprising $260M asset write-offs, $88M impairments, $115M severance, $52M other. Severance and other cash accruals totaled $167M; ~$100M expected in 1996, remainder in 1997. No employee headcount affected was disclosed. Expected annual pre-tax savings of ~$70M in 1996 and $100M in 1997.
1996-03-31acquisition_additioncompleted1996-03-121996-03-12United StatesDiversified forest and paper productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Federal Paper Board completed March 12, 1996; acquired for ~$1.3B cash and $1.4B in IP common stock (35.4 million shares). No employee headcount added was disclosed.
1996-03-31divestiture_reductioncompleted1996-03-291996-03-29Oregon and Washington, United StatesForest Products — timberlandsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IP Timberlands Ltd. sold a 98% general partnership interest in a subsidiary partnership owning ~300,000 acres of forestlands, including roads and $750M of long-term debt. Recognized a $592M pre-tax gain. No employee headcount impact disclosed.
1996-03-31restructuringin_progress1996-03-311997-12-31GlobalSpecialty Products, Printing Papers, Packaging, Forest ProductsUSD 515 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $515 million includes $115 million in severance costs and $52 million in other expenses. Employee count not disclosed.
1995-12-31restructuringannounced2,1001996-02-13United States and EuropePrimarily imaging products; multiple businessesUSD 500 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of ~$500M ($350M after taxes, $1.35/share) in Q1 1996; includes $340M asset write-offs/impairments, $115M severance, $45M exit costs. Approximately half relates to imaging products. Expected pre-tax savings of $70M in 1996 and $100M in 1997.
1995-12-31acquisition_additioncompleted12,5001995-04-301995-05-01New Zealand, Australia, and other internationalPrimarily Carter Holt Harvey; other 1995 acquisitionsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisitions during 1995, primarily Carter Holt Harvey, added 12,500 employees. CHH ownership increased to 50.2% with consolidation effective May 1, 1995.
1995-12-31acquisition_additioncompleted12,5001995-04-011995-12-31New Zealand, Australia, ChileCarter Holt Harveyother
f5-10k / Qwen3.6-27B-Q8_0
Acquisitions during 1995, primarily Carter Holt Harvey, added 12,500 employees.
1995-12-31restructuringannounced2,1001996-02-13United States, EuropeImaging Products, CorporateUSD 500 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Board approved actions on Feb 13, 1996 resulting in reduction of 2,100 jobs, primarily in U.S. and Europe. Pre-tax charge of $500 million.
1995-09-30acquisition_additioncompleted1995-041995-05-01New ZealandPrinting Papers; Packaging; Specialty Products; Forest Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of an additional ~26% of Carter Holt Harvey for ~$1.1B raised ownership to just over 50%; CHH consolidated from May 1, 1995. No employee counts disclosed.
1995-09-30acquisition_additioncompleted1995-011995-01United States (Michigan)Distributionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Assets of Seaman-Patrick Paper Company and Carpenter Paper Company acquired in exchange for ~988,000 common shares. No employee counts disclosed.
1995-09-30acquisition_additioncompleted1995-071995-07FranceDistributionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Common stock of Papeteries de Lana, a French paper distribution company, acquired. No employee counts disclosed.
1995-09-30acquisition_additioncompleted1995-091995-09United States (South Carolina)Specialty Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
High pressure laminates business of Westinghouse acquired in Hampton, SC. No employee counts disclosed.
1995-09-30acquisition_additioncompleted1995-101995-10France (Niort)Specialty Productssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ink resin business of DSM acquired in October 1995, after quarter end. No employee counts disclosed.
1995-09-30acquisition_additionannounced1995-11-06United StatesForest Products (Federal Paper Board)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Federal Paper Board announced Nov 6, 1995, valued at ~$3.5B including assumed debt; expected to close in Q1 1996, subject to shareholder and regulatory approval. No employee counts disclosed.